Property profile

4400 Calumet Ave Manitowoc, WI 54220

FOR SALE
Banks
Property ID
US92-0943334
23,690 SF 1.73 ac lot Built 2007
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 23,690 square foot commercial building, constructed in 2007, presents a unique investment opportunity in Manitowoc's vibrant Harbor Town District. Situated on a highly visible 1.73-acre lot at a busy intersection boasting approximately 14,500 vehicles daily, this three-story building offers unparalleled visibility and accessibility. The property features high-end finishes throughout, including multiple conference rooms, expansive office space, and well-appointed reception areas. Designed for multi-tenant occupancy, the building includes ample parking, barrier-free access, and a convenient elevator. The meticulously landscaped grounds enhance the property's curb appeal. The current owner may consider a leaseback arrangement and is open to discussing flexible financing options, making this an attractive proposition for discerning investors. This flagship building represents a rare opportunity to acquire a premier commercial property in a thriving location. The building's size, amenities, and prime location make it ideal for a variety of commercial uses. Its current configuration as a multi-tenant building provides immediate income potential, while its flexible layout allows for adaptation to future needs. The seller's willingness to explore leaseback and financing options further enhances the appeal of this exceptional investment.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2007
Total area 23,690 SF
Lot 1.73 ac (75,446 SF)
APN 52-835-101-616.00
UPID US92-0943334

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
  • Insurance Agency
  • Bank Loan Service
  • Credit Union
  • Power Plant Equipment Supplier
  • Financial Advisor

Location

4400 Calumet Ave Manitowoc, WI 54220
Manitowoc metro Census 600 MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.41M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $2.3M +59.5%
Office building $2.2M +51.6%
Auto repair, garage $2.2M +49.5%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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