Mixed-Use Duplex with Heated
928 S 12th STREET Unit 926 Manitowoc, WI 54220
For Sale
$275,000
Duplex income with a 25' x 50' heated, air-conditioned shop featuring office, bath, and overhead door access.
Property Size2,631 SF
Price / SF$104.52
Days on Market32
Property Features for 928 S 12th STREET Unit 926
General Information
- Standard status
- Active
- Size
- 2,631 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1867
Listing Agency:
Keller Williams-Manitowoc
(920) 242-8417
Listed By:
August Richter
(920) 242-8417
Source:
Xome
Added: Jun 23
Changed: Jul 23
Last Checked: Jul 24 at 5:40AM
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 mixed-use property combines a duplex generating approximately $1,330 per month in gross rent with a versatile 25' x 50' heated and air-conditioned shop. The shop includes office space and a bath, 11' ceilings, overhead door access, and separate gas and electric services. A rear parking lot provides convenient off-street parking.
The property is a real estate-only sale zoned C-1, offering flexibility for business use alongside the existing rental income. It is located in downtown Manitowoc, Wisconsin.
Updates were completed during the last 12 years of ownership, including electrical, mechanicals, roof, windows, and other improvements.
The property is a real estate-only sale zoned C-1, offering flexibility for business use alongside the existing rental income. It is located in downtown Manitowoc, Wisconsin.
Updates were completed during the last 12 years of ownership, including electrical, mechanicals, roof, windows, and other improvements.
Key Highlights
- Duplex generating approx. $1,330/mo gross rent (real estate only sale).
- Zoned C‑1 for mixed‑use flexibility to start or grow a business.
- Includes a 25' x 50' heated, air‑conditioned shop with office and bath.
Financial Insights For Flex RnD
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 | $39.5k | $15.00 |
| − Vacancy | −$2.6k | −$1.01 |
| EGI | $36.8k | $14.00 |
| − OpEx | −$12.9k | −$4.90 |
| NOI | $23.9k | $9.10 |
2,631 SF · lease $15.00/SF/yr · vacancy 6.70% · expense 35.00%
Alternative Uses
Best Use
Office B
$366.1K
$320.4K – $427.2K
NOI $25,629 @ 7.0% cap · market cap 9.32%
Second Best
Flex RnD
$341.9K
$299.2K – $398.9K
NOI $23,934 @ 7.0% cap · market cap 8.70%
Theoretical Best
Specialty Retail
$576.6K
$504.5K – $672.7K
NOI $40,361 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Laurent Manitowoc Glass
Hardware & Home Improvement
FAQs
What type of property is this?
Duplex - Duplex income with a 25' x 50' heated, air-conditioned shop featuring office, bath, and overhead door access.
Where is this duplex located?
The property is located at 928 S 12th STREET Unit 926 Manitowoc, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex generating approx. $1,330/mo gross rent (real estate only sale).; Zoned C‑1 for mixed‑use flexibility to start or grow a business.; Includes a 25' x 50' heated, air‑conditioned shop with office and bath.
