Retail Property on 0.81
3950 Calumet Ave, Manitowoc, WI 54220
For Sale
Contact for pricing
Pending
Retail property with redevelopment potential on 0.81 acres.
Property Size5,740 SF
Lot Size0.81 Acres
Days on Market272
Property Features for 3950 Calumet Ave
General Information
Standard status
Size
Lot size
Property subtype
Investment Type
Building Details
Year Built
Units
Tenancy
Listing Agency:
Marcus & Millichap - Milwaukee
Listed By:
Jeff Rowlett · License WI #74743
(262) 364-1924
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 2:50PM
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 Marcus & Millichap - Milwaukee
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering includes both the business and the real estate, presenting a potential redevelopment opportunity. The property is situated on 0.81 acres and features a 5,740-square-foot building.
Key Highlights
- Redevelopment Opportunity
- Large Lot Size: .81 Acres
- Includes Business & Real Estate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,201
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,020
$1.5M
Cap Rate 7%
$1,060,014
$1.1M
Cap Rate 9%
$824,456
$824.5K
Market Conditions
NOI Build-Up for 5,740 SF
Gross rent
$108.8K $18.96/SF
− Vacancy
−$2.8K −$0.49/SF
EGI
$106.0K $18.47/SF
− OpEx
−$31.8K −$5.54/SF
NOI
$74.2K $12.93/SF
Area
Manitowoc County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,020
Cap Rate 7%
$1,060,014
Cap Rate 9%
$824,456
Alternative Uses
Best Use
Retail
$1.06M
$927.5K – $1.24M
NOI $74,201 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,054 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
457k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 23%
Shops & Services 19%
Apparel 18%
Superstores 16%
Walmart
Superstores
74,732 visits/mo
0.2 miles
Kwik Trip
Shops & Services
49,758 visits/mo
0.4 miles
Skogen's Festival Foods
Groceries
37,325 visits/mo
0.4 miles
Kohl's
Apparel
29,140 visits/mo
0.5 miles
Culver's
Dining
27,267 visits/mo
0.3 miles
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail properties & Spaces in Manitowoc County, WI
Properties on Market for Retail properties & Spaces in Manitowoc County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property with redevelopment potential on 0.81 acres.
Where is this retail property located?
The property is located at 3950 Calumet Ave Manitowoc, WI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Redevelopment Opportunity; Large Lot Size: .81 Acres; Includes Business & Real Estate
