1222 Alverno Rd Manitowoc, WI 54220-9784
Property profile & analytics
1222 Alverno Rd, Manitowoc, WI 54220-9784
- Turn key restaurants
- 8,627 SF
- 1.37 lot acres
Property ID
US92-0028799
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
- Silver Valley Bar & Banquet / Bar & Pub
Property Details for 1222 Alverno Rd
- Year built
- 1940
- Lot size
- 1.37 lot acres
- Property type
- Turn key restaurants
- APN
- 52-828-404-115.00
- APU
- 5282840411500
Description
This exceptional investment opportunity presents a thriving, turnkey bar and banquet hall located at 1222 South Alverno Rd, Manitowoc, WI 54220. Boasting 8,627 square feet on a 3.69-acre lot, this established business, operating as Knox's Silver Valley since 2004, enjoys a long-standing reputation for its excellent food, ambiance, and memorable events. The property includes a fully equipped kitchen, oversized walk-in coolers and freezer, ample storage, a security system, and a point-of-sale (POS) system. Recent renovations have enhanced the building's prime condition, featuring new hardwood and linoleum floors, street-view commercial windows, and a steel roof. The property also offers 100 parking stalls, a significant advantage for hosting large events such as weddings, anniversaries, funerals, business meetings, and private parties. Located within city limits, the property benefits from city water and sewer services. Seller financing is available. This is a rare opportunity to acquire a well-established, profitable business with significant potential for continued growth. The property is conveniently located on the edge of town, providing easy access for patrons.
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
- -87.7417
- Latitude
- 44.0841
- 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
$7,413
$44,900
$407,700
$452,600
-
$44,960
$408,240
$453,200
