1022 Washington St Manitowoc, WI 54220-5207
Property profile & analytics
1022 Washington St Manitowoc, WI 54220-5207
- Drive through restaurants
- 2,251 SF
- 0.17 lot acres
Property ID
US92-0184036
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Pizza Hut / Take-out & Catering
Property Details for 1022 Washington St
- Year built
- 1971
- Lot size
- 0.17 lot acres
- Property size
- 2,251 SF
- Property type
- Drive through restaurants
- APN
- 52-000-241-200.00
- APU
- 5200024120000
Description
This exceptional redevelopment opportunity presents a 2,251 square foot building on a 0.55-acre lot in Manitowoc, Wisconsin's vibrant downtown. Currently occupied by a Pizza Hut franchisee with a lease expiring December 8, 2024, this property offers significant potential for a quick-service restaurant (QSR) or similar business. The building, constructed in 1971, sits on a hard corner with over 9,000 vehicles passing daily on Washington Street. The property's C-1 Commercial District zoning permits drive-thru service. An additional 0.15-acre lot is potentially available, requiring subdivision. The location benefits from its proximity to a recently completed 81-unit apartment complex and Manitowoc's central public park, which hosts numerous community events. The city's ongoing downtown revitalization, including infrastructure improvements and significant private investment, further enhances the property's value. The asking price is $430,000, representing a 16.26% cap rate based on the current net operating income (NOI) of $69,906. This fee-simple property offers a rare chance to capitalize on Manitowoc's growth and strong location. The property includes APN numbers 52-000-241-200, 52-000-241-140, and 52-000-241-190. The property is located at 1022 Washington St, Manitowoc, WI 54220.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.6617
- Latitude
- 44.0891
- CBSA code
- 31820
- CBSA name
- MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,120
$36,000
$375,200
$411,200
-
$36,035
$375,565
$411,600
