1900 Woodland Dr Manitowoc, WI 54220-9662
- Medical offices
- 22,605 SF
- 6.78 lot acres
Current Use by Public Records
- Dr. Mansoor H. Mirza, MD / Doctor
- Dr. Michael E. Hiebert, MD / Internist
- Blaha Steven MD / Internist
- HFM Internal Medicine / Medical Clinic
- Verlinden Larry J MD / Oral Surgeon
Property Details for 1900 Woodland Dr
- Year built
- 1990
- Lot size
- 6.78 lot acres
- Property size
- 22,605 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 52-131-002-150.00
- APU
- 5213100215000
Description
This exceptional 22,605 square foot office complex in Manitowoc, Wisconsin, presents a unique redevelopment opportunity. Situated on a 7.6-acre lot with stunning waterfront views along Highway 42 and Lake Michigan, this property offers significant potential. The main building, constructed in phases between 1990 and 1997, features three separate sections, each with its own HVAC, water heaters, and electrical systems (including 208-volt panels). The property includes 128 parking spaces, two main lobbies, break rooms, classrooms, executive offices, and an enclosed courtyard. Security features include four alarmed doors. The versatile space is ideal for a variety of uses, including medical, dental, or other healthcare facilities, given its previous use as a medical clinic. The property's C1 zoning allows for numerous commercial applications, while two adjacent parcels zoned R-4 and R-6 offer additional residential development potential, creating opportunities for mixed-use development. Conveniently located near residential neighborhoods, downtown Manitowoc (7-minute drive), and Green Bay (30-minute drive), with easy access to Interstate 43, this property boasts three access points (45th Street, Horseshoe Drive, and Memorial Drive) and prominent signage along Highway 42 and 45th Street. The asking price is $1,300,000. Seller financing is available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $530,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $515,000
- Retail
- $500,000
- Mixed-Use
- $555,000
- Hospitality
- $495,000
- Educational
- $415,000
- Residential Income
- $415,000
- Energy
- $520,000
- Income-Based Land
- $445,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.6219
- Latitude
- 44.1233
- CBSA code
- 31820
- CBSA name
- MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
