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    606 Parkway Blvd Two Rivers, WI 54241

    Sponsored
    For Lease
    $3 SF/Yr

    Wisconsin Manufacturing & Distribution Center

    Lot size:
    318,783 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-tenant industrial property, located at 606 Parkway Blvd in Two Rivers, WI 54241, offers a significant investment opportunity. The 318,783 square foot facility sits on a substantial 27-acre lot, providing ample space for manufacturing, distribution, and warehousing operations. Currently, 40% of the building is occupied under a lease expiring June 30, 2027, with rent roll available upon request. The property features five loading docks and offers three available spaces ranging from 28,000 to 91,228 square feet. Built in 1957, the property presents a chance to capitalize on significant value-add potential. Sections B, C, and D require an estimated $2,500,000 in renovations to reach leasable condition, adding an additional 192,783 square feet of leasable space. The property's expansive outdoor area provides extensive storage and parking. This prime location in Two Rivers, Wisconsin offers excellent access to transportation networks and a strong workforce. This is an ideal opportunity for investors seeking a substantial industrial property with significant upside potential through lease-up and renovation. The property's size, location, and potential for expansion make it a compelling investment in the thriving Wisconsin market.

    Property Features for 606 Parkway Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    318,783 SF
    Total Rate
    92978.38

    Building Details

    Year Built
    1957

    Unit(s) available at that property

    Space
    Section B
    Size
    91,228 SF
    Rate per SF
    $3
    Space
    Section C
    Size
    73,555 SF
    Rate per SF
    $3
    Space
    Section D
    Size
    28,000 SF
    Rate per SF
    $3

    HighLights

    • 293,228 SF total building area.
    • 85% warehouse, 15% office space.
    • 126,000 SF of functional space currently leased.
    • 13'7" to 22' clear height.
    • 45' x 40' column spacing.
    • 5 dock‑high doors, 3 drive‑in doors, and 4 truck wells.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Two Rivers
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.58766
    Latitude
    44.138831

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Distribution property - Wisconsin Manufacturing & Distribution Center
    Where is this distribution property located?
    The property is located at 606 Parkway Blvd Two Rivers, WI.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 293,228 SF total building area.; 85% warehouse, 15% office space.; 126,000 SF of functional space currently leased.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    606 Parkway Blvd Two Rivers, WI 54241
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