2525 Menasha Ave Manitowoc, WI 54220

Building Details

Year Built

1965

Listing office Coldwell Banker Commercial AMH

Listing date Feb 29, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

Located at 2525 Menasha Ave, Manitowoc, WI 54220, this property offers an investment opportunity with 3,360 sq. ft. of space on a 35,280 sq. ft. lot. The building, renovated in 2022, includes a full basement and features a mix of tile, vinyl, and wood floors, complemented by a composition roof. The property is currently occupied by tenants with a lease extending until 2025, generating a monthly rent of $1,600. Monthly expenses include $1,700 in taxes and $1,200 for insurance, resulting in a Net Operating Income (NOI) of $16,300. The property has a cap rate of 7.4%.

Key Highlights

• Existing tenants with lease in place until 2025, providing immediate income.
• Attractive 7.4% cap rate, indicating a strong return on investment.
• Net Operating Income (NOI) of $16,300.

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FAQs

What type of property is this?

Retail space - Retail property with tenants in place, generating monthly income.

Where is this retail space located?

The property is located at 2525 Menasha Ave Manitowoc, WI.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: Existing tenants with lease in place until 2025, providing immediate income.; Attractive 7.4% cap rate, indicating a strong return on investment.; Net Operating Income (NOI) of $16,300.