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    2525 Menasha Ave Manitowoc, WI 54220

    Sponsored
    For Sale
    $220,000

    Turnkey Restaurant, High NOI, 7.41% Cap Rate

    Property size:
    3,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully operational restaurant located at 2525 Menasha Ave, Manitowoc, WI 54220. The 3,360 square foot building sits on a 0.081-acre lot and boasts a 100% occupancy rate with a lease extending to 2025, generating a strong monthly rental income of $1,600. Completely renovated in 2022, the property features a mix of tile, vinyl, and wood flooring, and a durable composition roof. The building includes 10 parking spaces for patrons and staff. The property's financial performance is impressive, with a Net Operating Income (NOI) of $16,300 and an attractive 7.41% cap rate. Monthly expenses include property taxes of $1,700 and insurance of $1,200. Built in 1965, this single-story Class D retail property is offered at an asking price of $220,000, representing a price per square foot of $65.48. This is a single-tenant, gross lease property with 100% ownership available. The property offers a compelling combination of immediate income and significant long-term growth potential in a thriving market. This turnkey operation is ideal for owner-users seeking a profitable venture with minimal upfront effort. Don't miss this chance to acquire a well-established and financially sound restaurant property.

    Property Features for 2525 Menasha Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,360 SF
    Class
    D
    Lot Size
    3,528 SF

    Building Details

    Year Built/Renovated
    1965/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Fully operational restaurant in Manitowoc, WI.
    • 3,360 SF building on a 0.081‑acre lot with 10 parking spaces.
    • 100% occupancy with lease extending to 2025, generating $1,600 monthly rent.
    • $220,000 asking price ($65.48/SF), 7.41% cap rate, $16,300 NOI.
    • Completely renovated in 2022; single‑story Class D retail building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deklan's Catering Food And Drink Supplier Ria Money Transfer ... Money Transfer Service Dos Caminos Nicaraguan Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.682919747647
    Latitude
    44.116760575994

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High NOI, 7.41% Cap Rate
    Where is this restaurant located?
    The property is located at 2525 Menasha Ave Manitowoc, WI.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Fully operational restaurant in Manitowoc, WI.; 3,360 SF building on a 0.081-acre lot with 10 parking spaces.; 100% occupancy with lease extending to 2025, generating $1,600 monthly rent.
    Request Owner's contact information
    2525 Menasha Ave Manitowoc, WI 54220
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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
    2525 Menasha Ave Manitowoc, WI 54220
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