Flexible Office and Retail
427 Manitowoc St Reedsville, WI 54230
427 Manitowoc St, Reedsville, WI, 54230
$324,900
For Sale
$324,900
Modern masonry building offers flexible floorplan, at-grade entry, and three main floor entrances with on-site parking.
Property Size3,869 SF
Price / SF$83.98
Days on Market327
Property Features for 427 Manitowoc St
General Information
- Standard status
- Active
- Size
- 3,869 SF
Listing agency
Realty Executives Integrity~Brookfield
(920) 629-2118
Listed by
Tim Martinez · License #59365-90
(920) 629-2118
Source
Exprealty
Added: Aug 29, 2025 Updated: Jul 21 at 2:27PM Checked: Jul 21 at 2:27PM
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 Realty Executives Integrity~Brookfield
Investment Insights
Based on property information with market context.
This modern masonry commercial building features a very flexible floorplan with at-grade entry and three main floor entrances. The current interior setup includes five private offices and a large lobby, providing a workable baseline for a range of uses.
The property offers easy access through two street entries to a 12-car parking lot. There is also green space behind the main building that abuts a park.
With its adaptable layout and multiple entries, the building can be considered for a variety of commercial and community-oriented applications, including office, retail, service, municipal, medical, distribution, and assisted living, as well as multi-family concepts.
The property offers easy access through two street entries to a 12-car parking lot. There is also green space behind the main building that abuts a park.
With its adaptable layout and multiple entries, the building can be considered for a variety of commercial and community-oriented applications, including office, retail, service, municipal, medical, distribution, and assisted living, as well as multi-family concepts.
Key Highlights
- Modern masonry construction with a flexible floorplan that can adapt to uses such as retail, office, medical, and multi‑family
- At‑grade entry with three main floor entrances for convenient access
- Two street entries leading to a 12‑car parking lot
Local Financial Insights For Industrial
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 | $20.9k | $5.40 |
| − Vacancy | −$376 | −$0.10 |
| EGI | $20.5k | $5.30 |
| − OpEx | −$6.2k | −$1.59 |
| NOI | $14.4k | $3.71 |
3,869 SF · lease $5.40/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$714.5K
$625.2K – $833.6K
NOI $50,014 @ 7.0% cap · market cap 15.39%
Second Best
Office B
$538.4K
$471.1K – $628.1K
NOI $37,688 @ 7.0% cap · market cap 11.60%
Theoretical Best
Specialty Retail
$847.9K
$741.9K – $989.2K
NOI $59,352 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Modern masonry building offers flexible floorplan, at-grade entry, and three main floor entrances with on-site parking.
Where is this office units located?
The property is located at 427 Manitowoc St Reedsville, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Modern masonry construction with a flexible floorplan that can adapt to uses such as retail, office, medical, and multi‑family; At‑grade entry with three main floor entrances for convenient access; Two street entries leading to a 12‑car parking lot
