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    4121 Calumet Ave Manitowoc, WI 54220
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    4121 Calumet Ave, Manitowoc, WI 54220

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    • Retail space
    • 23,436 SF
    • 1.65 lot acres
    For Sale
    $2,515,000
    View Listing →
    Office Max Retail Space Available For Sale
    $2,515,000
    23,500 SF

    Office Max Retail Space Available

    Retail space with lease in place through January 2026.

    4121 Calumet Ave, Manitowoc, WI 54220
    View Listing
    Property ID
    US92-0021978
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • FedEx ShipSite / Postal Service / Courier Service
    • OfficeMax / (Bike/Boat/Book/etc) Store
    • OfficeMax Print & Copy Services / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 4121 Calumet Ave

    Year built
    1997
    Lot size
    1.65 lot acres
    Property type
    Retail space
    APN
    52-836-203-026.00
    APU
    5283620302600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 21, 2004 $2,675,000 Properties Manitowoc L Kubicki Prime Commercial Partners Mani Warranty Deed · related —
    — — Kubicki Props Manitowoc LLC — Deed Of Trust · related $1.4M · Us Bank NA

    Description

    Fountain Place offers a versatile 3,650 square foot office space, ideal for a single tenant. This first-floor location boasts a beautiful lobby entrance and provides ample parking for staff and clients. Its strategic location offers quick access to University Drive and Highway 6, ensuring convenient commutes. The space is suitable for various office configurations, including traditional office setups, coworking spaces, medical offices, or creative office environments. The building enjoys a positive synergy with neighboring businesses within a thriving commercial area, fostering a collaborative and supportive atmosphere. A virtual tour is available online to allow for a comprehensive preview of the property's layout and features. This presents a unique opportunity to establish a presence in a well-connected and dynamic business community. The single-tenant occupancy ensures complete control and customization of the space to meet specific business needs. The ample parking significantly enhances the convenience and accessibility for both employees and visitors. The first-floor location offers high visibility and easy access for clients. This property is ready for immediate occupancy and offers a chance to benefit from the established business network in the area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,343,000
      Market price range: $1.05M - $2.34M
      AI Estimate
      $2,149,000
      Market price range: $882k - $2.15M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,605,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,595,000
      Change: +62% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,575,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.6995
    Latitude
    44.0754
    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
    $58,452
    $576,500
    $2,967,300
    $3,543,800
    -
    $577,167
    $2,970,733
    $3,547,900

    Comparable in this City

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      5120 Calumet Ave

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      59,669 SF

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    Similar Nearby for Sale

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      4,875 SF

      Retail Location Anchored by PapaJohns

      Retail location anchored by Papa Johns with two additional spaces.
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      4,875 SF

      New Retail Space Available

      Retail location with spaces available for lease.
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      Manitowoc Retail Space For Sale

      2,250 sq ft retail space in Manitowoc strip mall.
      3399 Calumet Ave, Manitowoc, WI 54220
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    • $239,900
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      Manitowoc Commercial Retail/Office Building

      Well-maintained commercial building suitable for retail, office, or contractor use.
      4326 Michigan Ave, Manitowoc, WI 54220
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      23,500 SF

      Office Max Retail Space Available

      Retail space with lease in place through January 2026.
      4121 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing
      5,740 SF

      Restaurant Building in Retail Corridor

      Restaurant property in high-visibility retail area, purchase or vacant.
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    Similar Nearby for Lease

    • Contact for pricing
      2,338 SF

      Retail Space in Manitowoc

      Retail space available for lease in Manitowoc, Wisconsin.
      4530 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $24 SF/Yr
      4,875 SF

      Manitowoc Retail Center Lease Opportunity

      Retail space available in upcoming Manitowoc Retail Center.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Office Max Available For Lease

      Free-standing Office Max available with lease in place until 2026.
      4121 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease at 4550 Calumet Ave.
      4550 Calumet Ave, Manitowoc, WI 54220
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    • $13 SF/Yr
      2,300 SF

      Manitowoc Office Space For Lease

      2,300 sq ft office space available for lease.
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    • $13 SF/Yr
      1,500 SF

      High Visibility Office Lease Space

      Class B office space in high-traffic location near waterfront.
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    View Listing
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    Manitowoc, WI 54220
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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