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Property profile & analytics
OFF-MARKET
Specialty properties

1408 Washington St Manitowoc, WI 54220

0.11 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Lot 0.11 ac (4,792 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rejuvenation Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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