1408 Washington St Manitowoc, WI 54220
This exceptional mixed-use property at 1408 Washington Street in Manitowoc, Wisconsin, presents a unique investment opportunity. Priced at $375,000, this 0.11-acre lot boasts two fully rented retail spaces, generating immediate income. Adding to its appeal, two apartments are currently under construction, offering potential for additional rental income or owner occupancy upon completion. The building's downtown Manitowoc location provides excellent visibility and access to local amenities. This turnkey property is ideal for investors seeking a blend of established rental income and future growth potential. While the exact building size (RSF and USF) and number of floors are not specified, the property's current state and potential for future development make it a compelling investment. The existing retail spaces ensure a steady cash flow, while the apartments under construction offer the opportunity to increase the property's value and rental income. This is a rare chance to acquire a well-situated mixed-use building in a thriving Wisconsin community. The property is located in Manitowoc County, Wisconsin, with a zip code of 54220.
-
Rejuvenation Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.