2525 Menasha Ave Manitowoc, WI 54220
Property profile & analytics
2525 Menasha Ave, Manitowoc, WI 54220
- Turn key restaurants
- 3,360 SF
- 0.81 lot acres
Property ID
US92-0049407
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
- Deklan's / Catering Service / Take-out & Catering
- Ria Money Transfer - Variedades Emanuel / Bank / Credit Union
- Dos Caminos / Restaurant
Property Details for 2525 Menasha Ave
- Year built
- 1965
- Lot size
- 0.81 lot acres
- Property type
- Turn key restaurants
- APN
- 52-813-401-010.00
- APU
- 5281340101000
Description
This exceptional investment opportunity presents a fully operational restaurant located at 2525 Menasha Ave, Manitowoc, WI 54220. The 3,360 square foot building sits on a 0.081-acre lot and boasts a 100% occupancy rate with a lease extending to 2025, generating a strong monthly rental income of $1,600. Completely renovated in 2022, the property features a mix of tile, vinyl, and wood flooring, and a durable composition roof. The building includes 10 parking spaces for patrons and staff. The property's financial performance is impressive, with a Net Operating Income (NOI) of $16,300 and an attractive 7.41% cap rate. Monthly expenses include property taxes of $1,700 and insurance of $1,200. Built in 1965, this single-story Class D retail property is offered at an asking price of $220,000, representing a price per square foot of $65.48. This is a single-tenant, gross lease property with 100% ownership available. The property offers a compelling combination of immediate income and significant long-term growth potential in a thriving market. This turnkey operation is ideal for owner-users seeking a profitable venture with minimal upfront effort. Don't miss this chance to acquire a well-established and financially sound restaurant property.
Value Estimations
based on Realmo’s proprietary methodology
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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
- -87.6832
- Latitude
- 44.1165
- 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
$1,804
$57,600
$51,000
$108,600
-
$57,706
$51,094
$108,800
