1704 Memorial Dr Manitowoc, WI 54220-1440
This exceptional commercial property at 1704 Memorial Drive in Manitowoc, Wisconsin, presents a unique investment opportunity. The main building boasts 3,440 square feet of well-maintained space, ideal for office or retail use. Its previous use as a bank speaks to its robust construction and enduring quality. The layout includes a full basement, adding significant storage capacity. A separate 3,600 square foot storage building is situated on the 1.24-acre lot, providing ample additional space for inventory, equipment, or expansion. The property features a convenient asphalt parking lot, ensuring easy access for customers and employees. Its high-traffic location on Memorial Drive offers unparalleled visibility and exposure. The property's strategic placement next to the Manitowoc Surgery Center and a block from Aurora Hospital and the Memorial Dr Veterinary Clinic guarantees a steady flow of potential customers. Furthermore, a vacant lot at the rear of the property presents exciting possibilities for future development, allowing for expansion or the creation of additional revenue streams. Priced at $395,000, this property offers a compelling combination of location, size, and potential. Don't miss this chance to acquire a valuable asset in a thriving area.
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The Bicycle & Fitness Co (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.