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Multi-Use Flex and Warehouse

403 S 4th Ave Saint Nazianz, WI 54232

403 S 4th Ave, Saint Nazianz, WI, 54232

$595,000

For Sale

$595,000

Two-building flex setup with office space, loading dock access, insulated overhead doors, and in-floor heat in the shop area.

Property Size14,100 SF

Price / SF$42.20

Days on Market42

Property Features for 403 S 4th Ave

General Information

Standard status: Active
Size: 14,100 SF

Listing agency Keller Williams-Manitowoc

Listed by August Richter

Source Exprealty

Added: Jun 10 Updated: Jul 21 at 10:14AM Checked: Jul 21 at 10:14AM

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 Keller Williams-Manitowoc

Investment Insights

Based on property information with market context.

This multi-use property includes approximately 12,200+/- sq ft in a main steel-frame building with a completed addition in 2000, plus an additional 1,900+/- sq ft storage building. The main building features extensive office space, 16' ceilings, five insulated overhead doors, loading dock access, and 220V 3-phase power. The shop area includes in-floor heat, and the office portion is served by multiple HVAC zones. A full basement storage area and an expansive asphalt parking lot support day-to-day operations across both structures.

The property is described as having easy access to surrounding communities including Manitowoc, Sheboygan, and Calumet, with a central location for regional reach.

Overall, the configuration combines shop and loading capabilities with substantial office space, along with dedicated storage support in a second outbuilding and basement storage.

Key Highlights

Over 14,000+/- sq ft across two buildings with office, warehouse/shop, and storage space
Main building: approx. 12,200+/- sq ft with extensive office space plus a steel‑frame addition completed in 2000
Shop features include 16' ceilings, five insulated overhead doors, loading dock access, and 220V 3‑phase power

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$76.1k	$5.40
− Vacancy	−$1.4k	−$0.10
EGI	$74.8k	$5.30
− OpEx	−$22.4k	−$1.59
NOI	$52.3k	$3.71

14,100 SF · lease $5.40/SF/yr · vacancy 1.80% · expense 30.00%

Alternative Uses

Best Use

Office B

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,349 @ 7.0% cap · market cap 23.08%

Second Best

Flex RnD

$1.83M

$1.60M – $2.14M (±1% cap)

NOI $128,264 @ 7.0% cap · market cap 21.56%

Theoretical Best

Specialty Retail

$3.09M

$2.70M – $3.61M (±1% cap)

NOI $216,301 @ 7.0% cap · market cap 36.35%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Reindl Plumbing HVAC Service Lawrence Law Office ... Law Firm

Suggested Use

For sale
Flex space
WI
Saint Nazianz
54232
403 S 4th Ave

What type of property is this?

Flex space - Two-building flex setup with office space, loading dock access, insulated overhead doors, and in-floor heat in the shop area.

Where is this flex space located?

The property is located at 403 S 4th Ave Saint Nazianz, WI.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Over 14,000+/- sq ft across two buildings with office, warehouse/shop, and storage space; Main building: approx. 12,200+/- sq ft with extensive office space plus a steel‑frame addition completed in 2000; Shop features include 16' ceilings, five insulated overhead doors, loading dock access, and 220V 3‑phase power