2525 Menasha Ave Manitowoc, WI 54220
- Turn key restaurants
- 3,360 SF
- 0.81 lot acres
Current Use by Public Records
- Deklan's / Catering Food And Drink Supplier
- Ria Money Transfer - Variedades Emanuel / Money Transfer Service / Money Order Service
- Dos Caminos / Nicaraguan Restaurant
Property Details for 2525 Menasha Ave
- Year built
- 1965
- Lot size
- 0.81 lot acres
- Property size
- 3,360 SF
- Property type
- Turn key restaurants
- APN
- 52-813-401-010.00
- APU
- 5281340101000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.6832
- Latitude
- 44.1165
- CBSA code
- 31820
- CBSA name
- MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
