2204 N Rapids ROAD, Manitowoc, WI 54220
Mixed-use workshop and schoolhouse setup with on-site parking space for work trucks and seasonal storage.
- Added:
- Apr 25, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 15 at 7:17 am
Property Features for 2204 N Rapids ROAD
General Information
- Standard status
- Active
- Size
- 2,404 SF
- Lot size
- 0.78 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1891
Listing agent Jill Pope (920) 539-3017
Listing office RE/MAX Port Cities Realtors (920) 539-3017
Listing date Apr 25, 2026
Source Xome
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HighLights
- Mixed‑use workshop and schoolhouse setup on a 0.78‑acre lot
- Zoned LI (Light Industrial)
- Metal roof and heating system (Heating: 3)
- On‑site parking with 15 parking spaces, plus partially cemented parking lots for work trucks or seasonal vehicle storage
- Schoolhouse needs TLC; matching bricks source available
Overview
The site also includes partially cemented parking lots, designed to provide room for parking work trucks and storing seasonal vehicles. Additional grounds are available to support expansion or operational needs.
For a tenant or buyer looking for an adaptable building that can support hands-on production, maintenance, or similar activity, the combination of workshop space and an on-site schoolhouse structure can be reconfigured for a range of uses. The existing painters workshop use suggests the layout may be suited to light industrial work, while the schoolhouse section offers additional space that can be brought back with targeted improvements. If you’re planning a conversion and want a property where you can stage vehicles and equipment on site, this workshop/schoolhouse building offers a practical starting point.
Local Financial Insights For Warehouse
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 | $13.0k | $5.40 |
| − Vacancy | −$234 | −$0.10 |
| EGI | $12.7k | $5.30 |
| − OpEx | −$1.9k | −$0.80 |
| NOI | $10.8k | $4.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.709686
- Latitude
- 44.1243081
