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Property profile & analytics
OFF-MARKET
Medical Office Space

601 Reed Ave Manitowoc, WI 54220-2026

45,904 SF 5.48 ac lot Built 1956
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-0569161
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1956
Total area 45,904 SF
Lot 5.48 ac (238,578 SF)
APN 52-817-304-040.00
UPID US92-0569161
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
  • Theobald Richard W MD Physician
  • Imp Janet J MD Physician
  • Dr. Cheryl M. Foster, MD Physician
  • Rajpal Surinder K MD Pediatrician Medical Clinic
  • Schleunes Amy Jo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Brey Property Management LLC · 1 yrs held
Brey Property Management LLC
since 2025
Last sale
$476,300
4 recorded transactions
2025
$476,300
2024
$542,407
2022
Price N/A
2022
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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