601 Reed Ave Manitowoc, WI 54220-2026
This exceptional commercial property, located at 601 Reed Avenue in Manitowoc, Wisconsin, presents a unique investment opportunity. The building encompasses a substantial 45,904 square feet, previously utilized as a medical facility. Situated on a generous 5.48-acre lot, the property offers ample space for parking and future expansion. Its B-1 zoning allows for a wide range of potential uses, including office space, medical facilities, residential conversions, or educational institutions. The building's robust construction ensures durability and longevity. The property's advantageous location offers convenient access to local amenities and boasts the added benefit of backing onto the picturesque Lincoln Park, providing a tranquil and appealing setting. The asking price has been reduced to facilitate a swift sale, making this an attractive proposition for discerning investors seeking a sizable commercial property with significant upside potential. This is a rare opportunity to acquire a well-built, versatile property in a desirable location, ready for its next chapter. Serious inquiries are encouraged.
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Theobald Richard W MD Physician
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Imp Janet J MD Physician
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Dr. Cheryl M. Foster, MD Physician
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Rajpal Surinder K MD Pediatrician Medical Clinic
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Schleunes Amy Jo Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.