Property profile

1704 Memorial Dr Manitowoc, WI 54220

OFF-MARKET
Banks
Property ID
US92-1257354
3,440 SF 1.24 ac lot Built 1978
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Total area 3,440 SF
Lot 1.24 ac (54,014 SF)
APN 52-131-002-010.00
UPID US92-1257354

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1704 Memorial Dr Manitowoc, WI 54220-1440
Manitowoc metro Census 100 MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2025
Last sale
$200,000
3 recorded transactions
2025
$200,000
2014
$250,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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