Industrial Shop with Overhead
212 APPLE BLOSSOM LANE Manitowoc, WI 54220
212 APPLE BLOSSOM LANE, Manitowoc, WI, 54220
$799,000
For Sale
$799,000
For sale commercial/residential property with an industrial shop, multiple work areas, overhead doors, and an overhead crane plus a 4BR home.
Property Size4,320 SF
Lot Size4.00 Acres
Price / SF$184.95
Days on Market100
Property Features for 212 APPLE BLOSSOM LANE
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 4.00 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1989
Listing agency
Lisa Stradel Realty
(920) 242-7857
Listed by
Lisa Stradel
(920) 242-7857
Source
Xome
Added: Apr 15 Updated: Jul 22 at 11:29PM Checked: Jul 23 at 3:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lisa Stradel Realty
Investment Insights
Based on property information with market context.
This for-sale property in Manitowoc, WI combines an industrial-grade shop with a well-appointed residence on a 4-acre site. The shop includes three separate work areas, large overhead doors, an overhead crane, and multiple office spaces, supporting a wide range of commercial or storage uses. The property is being sold AS-IS, and some photos are virtually staged.
Also on-site is a 4BR, 4BA home with over 3,300 sq ft, featuring a spacious kitchen and living area with a gas fireplace. A main floor office is included, along with a finished lower level.
The site is zoned commercial/residential, offering flexibility to live and work on the same property. The listing is cross-posted with Residential MLS#50324851.
Also on-site is a 4BR, 4BA home with over 3,300 sq ft, featuring a spacious kitchen and living area with a gas fireplace. A main floor office is included, along with a finished lower level.
The site is zoned commercial/residential, offering flexibility to live and work on the same property. The listing is cross-posted with Residential MLS#50324851.
Key Highlights
- 4‑acre property featuring a 4,000+ SF industrial‑grade shop with three separate work areas
- Shop includes large overhead doors, an overhead crane, and multiple office spaces
- On‑site 4BR/4BA home with 3,300+ SF, spacious kitchen, and living area with a gas fireplace
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $15.12 |
| − Vacancy | −$9.2k | −$2.13 |
| EGI | $56.1k | $12.99 |
| − OpEx | −$14.0k | −$3.25 |
| NOI | $42.1k | $9.74 |
4,320 SF · lease $15.12/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$601.2K
$526.0K – $701.4K
NOI $42,081 @ 7.0% cap · market cap 5.27%
Second Best
Flex RnD
$561.4K
$491.2K – $655.0K
NOI $39,298 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$946.7K
$828.4K – $1.10M
NOI $66,271 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - For sale commercial/residential property with an industrial shop, multiple work areas, overhead doors, and an overhead crane plus a 4BR home.
Where is this flex space located?
The property is located at 212 APPLE BLOSSOM LANE Manitowoc, WI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4‑acre property featuring a 4,000+ SF industrial‑grade shop with three separate work areas; Shop includes large overhead doors, an overhead crane, and multiple office spaces; On‑site 4BR/4BA home with 3,300+ SF, spacious kitchen, and living area with a gas fireplace
