1025 Albert Dr, Manitowoc, WI 54220-1321
- Industrial properties
- 21,600 SF
- 0.90 lot acres
Current Use by Public Records
- RaiseRite / Construction Company / General Contractor
Property Details for 1025 Albert Dr
- Year built
- 1990
- Lot size
- 0.90 lot acres
- Property type
- Industrial properties
- APN
- 52-130-005-021.00
- APU
- 5213000502100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 1, 2022 | $775,000 | Wolter Properties LLC | Cf Properties LLC | Warranty Deed | $685k · Nicolet National Bank |
Description
This exceptional commercial property at 1025 E Albert Drive, Manitowoc, Wisconsin, presents a significant opportunity for businesses seeking ample space and strategic location. The expansive 24,000 square foot building offers a versatile layout ideal for diverse operational needs. Approximately 19,200 square feet are dedicated to warehouse space, providing ample room for storage, manufacturing, or distribution. The building also includes 4,800 square feet of office space, thoughtfully divided across two floors. Climate control is ensured with air conditioning in the offices and forced-air heating throughout the entire building. Operational efficiency is maximized with features such as three-phase power, two convenient loading docks, and a generously sized 20x14 foot drive-in entry. High ceilings contribute to a spacious feel and enhance workflow. Restrooms are strategically positioned for user convenience. Adding to the property's appeal is the inclusion of an adjacent lot to the east, offering approximately 1.26 acres of land, perfect for additional parking or future expansion possibilities. This property is priced at $940,000 and is situated in Manitowoc, WI.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $815,000
- ML approach
- $990,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,335,000
- 6.5%
- $1,235,000
- 7%
- $1,145,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $664,000
Market price range: $287k - $665k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,295,000
- APARTMENT HOUSE (5+ UNITS)
- $1,175,000
- COMMERCIAL (GENERAL)
- $1,090,000
- WAREHOUSE, STORAGE
- $1,050,000
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Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.6349
- Latitude
- 44.1247
- CBSA code
- 31820
- CBSA name
- MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
