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3.85 Acre Commercial Opportunity

5814 Calumet Ave, Manitowoc, WI 54220

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For Sale

$409,000

Commercial property with storefront, greenhouse, and storage building on 3.85 acres.

Property size:

2,464 SF

Lot size:

3.85 Acres

Price / SF:

$165/SF

HighLights

Excellent visibility on Hwy 151 and proximity to I‑43.
3.85 acres across two parcels zoned I‑1 Light Industrial, offering flexibility for various business uses.
Includes a 2,464 sq ft storefront, 1,800 sq ft greenhouse, and 2,584 sq ft storage building.
High traffic counts and easy access.
Flexibility for various business uses due to I‑1 zoning.
Furnace ('25).

We can help!

Listing Contact

Ben Bauknecht

For Sale

$409,000

Commercial property with storefront, greenhouse, and storage building on 3.85 acres.

Property size:

2,464 SF

Lot size:

3.85 Acres

Price / SF:

$165/SF

Added:: Apr 25, 2025
Days on Market:: 415
Last Refresh:: Jan 20 at 10:39 am

Property Features for 5814 Calumet Ave

General Information

Standard status: Active
Size: 2,464 SF
Lot size: 3.85 Acres

We can help!

Listing Contact

Ben Bauknecht

Listing agent Ben Bauknecht License #94-87549

Listing office Dallaire Realty

Listing date Apr 25, 2025

Source Exprealty

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 Dallaire Realty

HighLights

Excellent visibility on Hwy 151 and proximity to I‑43.
3.85 acres across two parcels zoned I‑1 Light Industrial, offering flexibility for various business uses.
Includes a 2,464 sq ft storefront, 1,800 sq ft greenhouse, and 2,584 sq ft storage building.
High traffic counts and easy access.
Flexibility for various business uses due to I‑1 zoning.
Furnace ('25).

Overview

This commercial property, situated on two parcels totaling 3.85 acres, offers significant visibility along Highway 151 and is located less than one mile from I-43. Zoned I-1 Light Industrial, the property provides flexibility for various business uses. It includes a 2,464 sq ft storefront, an 1,800 sq ft greenhouse, and a 2,584 sq ft storage building, along with a two-stall garage. The location offers easy access and high traffic counts, presenting potential for growth or expansion. A furnace was installed in 2025. This property is suitable for a variety of business ideas.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.7k	$18.96
− Vacancy	−$1.2k	−$0.49
EGI	$45.5k	$18.47
− OpEx	−$13.7k	−$5.54
NOI	$31.9k	$12.93

2,464 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$455.0K

$398.2K – $530.9K (±1% cap)

NOI $31,852 @ 7.0% cap · market cap 7.79%

Second Best

Flex RnD

$320.2K

$280.2K – $373.6K (±1% cap)

NOI $22,414 @ 7.0% cap · market cap 5.48%

Theoretical Best

Specialty Retail

$540.0K

$472.5K – $630.0K (±1% cap)

NOI $37,799 @ 7.0% cap · market cap 9.24%

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Manitowoc
County: Manitowoc
State: Wisconsin
Longitude: -87.729
Latitude: 44.0745

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For sale
Commercial land
WI
Manitowoc
54220
5814 Calumet Ave

What type of property is this?

Commercial land - Commercial property with storefront, greenhouse, and storage building on 3.85 acres.

Where is this commercial land located?

The property is located at 5814 Calumet Ave Manitowoc, WI.

What is the asking price?

The asking price for this property is $409,000.

What are key features of this property?

This property features: Excellent visibility on Hwy 151 and proximity to I‑43.; 3.85 acres across two parcels zoned I‑1 Light Industrial, offering flexibility for various business uses.; Includes a 2,464 sq ft storefront, 1,800 sq ft greenhouse, and 2,584 sq ft storage building.