You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $790,000
Medical Office Space

1900 Woodland Dr Manitowoc, WI 54220-9662

22,605 SF 6.78 ac lot Built 1990
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-0553007
Property summary
AI-generated overview

This exceptional 22,605 square foot office complex in Manitowoc, Wisconsin, presents a unique redevelopment opportunity. Situated on a 7.6-acre lot with stunning waterfront views along Highway 42 and Lake Michigan, this property offers significant potential. The main building, constructed in phases between 1990 and 1997, features three separate sections, each with its own HVAC, water heaters, and electrical systems (including 208-volt panels). The property includes 128 parking spaces, two main lobbies, break rooms, classrooms, executive offices, and an enclosed courtyard. Security features include four alarmed doors. The versatile space is ideal for a variety of uses, including medical, dental, or other healthcare facilities, given its previous use as a medical clinic. The property's C1 zoning allows for numerous commercial applications, while two adjacent parcels zoned R-4 and R-6 offer additional residential development potential, creating opportunities for mixed-use development. Conveniently located near residential neighborhoods, downtown Manitowoc (7-minute drive), and Green Bay (30-minute drive), with easy access to Interstate 43, this property boasts three access points (45th Street, Horseshoe Drive, and Memorial Drive) and prominent signage along Highway 42 and 45th Street. The asking price is $1,300,000. Seller financing is available.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1990
Total area 22,605 SF
Lot 6.78 ac (295,337 SF)
APN 52-131-002-150.00
UPID US92-0553007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Mansoor H. Mirza, MD Physician
  • Dr. Michael E. Hiebert, MD Physician
  • Blaha Steven MD Physician
  • HFM Internal Medicine Medical Clinic
  • Verlinden Larry J MD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$740k
CAP Approach CAP
by Request
Comparable Approach Comparable
$842k
Blend (final) Blend
$790k
Owner & transaction history
The De Pere Petroleum LLC · 1 yrs held
The De Pere Petroleum LLC
since 2025
Last sale
$900,000
3 recorded transactions
2025
$900,000
2022
$550,000
2021
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.2M +26.4%
Commercial (general) $1.1M +17.2%
Warehouse, storage $1.1M +13.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1900 Woodland Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message