Two-Level Retail
624 N 8th Street #Suite 206, Manitowoc, WI 54220
For Sale
New
Contact for pricing
B1-zoned commercial space has a kitchenette, private bath, and plumbing with a sink for salon use.
Property Size947 SF
Price / SF$1.27
Days on Market6
Property Features for 624 N 8th Street #Suite 206
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Property Use
Amenities
kitchenette
private bath
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Heritage Real Estate
(920) 684-9400
Listed By:
Taylor Birkenstock
(920) 973-2152
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 3:40PM
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 Heritage Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1860-built retail property is arranged across two levels. The first floor offers open space for retail or office use, along with a kitchenette and private bathroom. Upstairs, an open area provides additional space for business operations or subleasing. Existing plumbing and a sink support salon use, and the property was previously operated as a hair salon for more than 10 years.
The freestanding building includes parking and is zoned B1. Listed services include high-speed internet, electricity, heating, air-conditioning, water, sewer, snow removal, landscaping, and garbage hauling.
The freestanding building includes parking and is zoned B1. Listed services include high-speed internet, electricity, heating, air-conditioning, water, sewer, snow removal, landscaping, and garbage hauling.
Key Highlights
- Two‑level layout with open areas on both floors
- First floor includes kitchenette and private bathroom
- Upstairs area has plumbing and a sink for salon use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,242
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,840
$244.8K
Cap Rate 7%
$174,886
$174.9K
Cap Rate 9%
$136,022
$136.0K
Market Conditions
NOI Build-Up for 947 SF
Gross rent
$18.0K $18.96/SF
− Vacancy
−$467 −$0.49/SF
EGI
$17.5K $18.47/SF
− OpEx
−$5.2K −$5.54/SF
NOI
$12.2K $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%
$244,840
Cap Rate 7%
$174,886
Cap Rate 9%
$136,022
Alternative Uses
Best Use
Retail
$174.9K
$153.0K – $204.0K
NOI $12,242 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$207.5K
$181.6K – $242.1K
NOI $14,527 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Apparel 17%
Kwik Trip
Shops & Services
15,814 visits/mo
0.3 miles
Vans
Apparel
2,613 visits/mo
0.3 miles
Clarks
Apparel
600 visits/mo
0.2 miles
U-Haul Neighborhood Dealer
Shops & Services
433 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - B1-zoned commercial space has a kitchenette, private bath, and plumbing with a sink for salon use.
Where is this retail space located?
The property is located at 624 N 8th Street #Suite 206 Manitowoc, WI.
What are key features of this property?
This property features: Two‑level layout with open areas on both floors; First floor includes kitchenette and private bathroom; Upstairs area has plumbing and a sink for salon use
