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Property profile & analytics
FOR LEASE
Retail space
4550 Calumet Ave Manitowoc, WI 54220
Entity Owned
14-yr Hold
Free & Clear
Property ID
US92-2016661
For Lease
1 / 4
Contact for pricing
4550 Calumet Ave, Manitowoc, WI 54220
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Property summary
AI-generated overview
This exceptional retail property, located at 4550 Calumet Ave in Manitowoc, Wisconsin, offers a fantastic opportunity for businesses seeking prime commercial space in Manitowoc County. The building boasts a total of 13,800 square feet, with multiple tenancy options available. Currently, there are 4,151 square feet of vacant space ready for immediate occupancy. Individual units range from a minimum of 1,813 square feet to a maximum contiguous space of 2,338 square feet, providing flexibility for various business needs and sizes. The property's location in Manitowoc, Wisconsin, zip code 54220, offers excellent visibility and accessibility, making it an ideal location for attracting customers. This is a rare opportunity to secure retail space in a thriving Manitowoc County market. The property is categorized as retail and is ready for immediate occupancy. The address is easily accessible and situated in a high-traffic area. Serious inquiries are encouraged to explore this promising investment opportunity. Contact us today to schedule a viewing and discuss your business needs. The property is located at 44.0739519 latitude and -87.7071394 longitude.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
7,632 SF
Lot
1.71 ac (74,488 SF)
APN
52-835-101-780.00
UPID
US92-2016661
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shopko Optical Sunglasses Store Eye Care Center
-
QDOBA Mexican Eats Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$635k
Owner & transaction history
Cft Developments LLC · 14 yrs held
Cft Developments LLC
since 2012
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$845,000
+61.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Manitowoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitowoc submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$525,000
Current use
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +62% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: -2% · Conversion: Difficult
RESTAURANT
$470,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,694
Tax year 2023
Assessed value
$1,378,100
Assessed 2023
Previous assessed
$1,060,100
+30.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$595,900
Assessed improvement
$782,200
Land market value
$596,592
Improvement market value
$783,108
Total market value
$1,379,700
Applied tax rate
251.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2013
Heating
NONE
Stories
1
Units
1
Total area
7,632 SF
Lot
1.71 ac (74,488 SF)
APN
52-835-101-780.00
UPID
US92-2016661
Jurisdiction
MANITOWOC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$525,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$515,000
RESTAURANT
Est. value
$470,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
1
Units
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Cft Developments LLC
Entity
Free & Clear · 14 yrs held
Mailing address
6737 W WASHINGTON ST STE #3440, WEST ALLIS, WI 53214-5648
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2012
$400,000
Cft Developments LLC
Dewey Properties LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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