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    Property profile & analytics

    701 Reed Ave Manitowoc, WI 54220-2129

    • Retail space
    • 17,084 SF
    • 3.52 lot acres
    OFF-MARKET
    Value Estimation
    $3,170,000
    Last Sale
    Jul 31, 2023
    $3,020,000
    Location Intelligence
    Property ID
    US92-0048520
    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.

    Current Use by Public Records

    • CVS Photo / Print Shop / Passport Photo Processor
    • Cardtronics / Atm
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • CDReload Instant Bitcoin / Crypto Atm
    • CVS / Stationery Store / Drug Store

    Property Details for 701 Reed Ave

    Year built
    1998
    Lot size
    3.52 lot acres
    Property size
    17,084 SF
    Property type
    Retail space
    APN
    52-520-035-020.00
    APU
    5252003502000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,050,000
      6.5%
      $2,935,000
      7%
      $2,955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,105,000
      Geo Method
      $2,785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,045,000
      Retail
      $2,935,000
      Mixed-Use
      $2,825,000
      Hospitality
      $2,730,000
      Educational
      $3,175,000
      Residential Income
      $2,650,000
      Energy
      $3,430,000
      Income-Based Land
      $3,390,000
      Food Service
      $2,975,000

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.639
    Latitude
    44.1133
    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
    $40,665
    $434,200
    $2,032,300
    $2,466,500
    -
    $434,693
    $2,034,607
    $2,469,300

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      14 Albert Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      14 Albert Dr, Manitowoc, WI 54220-7127
      View Details
    • Value Estimation by Request
      23,436 SF

      4121 Calumet Ave

      RETAIL STORES (PERSONAL SERVICES) • 23,436 SF
      4121 Calumet Ave, Manitowoc, WI 54220-5474
      View Details
    • Value Estimation by Request
      160,600 SF

      5120 Calumet Ave

      RETAIL STORES (PERSONAL SERVICES) • 160,600 SF
      5120 Calumet Ave, Manitowoc, WI 54220-8321
      View Details
    • Value Estimation by Request
      59,669 SF

      3415 Custer St

      RETAIL STORES (PERSONAL SERVICES) • 59,669 SF
      3415 Custer St, Manitowoc, WI 54220-4324
      View Details
    • Value Estimation
      $265,000
      2,684 SF

      2510 Marshall St

      RETAIL STORES (PERSONAL SERVICES) • 2,684 SF
      2510 Marshall St, Manitowoc, WI 54220-4861
      View Details
    • Value Estimation by Request
      3,052 SF

      1106 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 3,052 SF
      1106 Washington St, Manitowoc, WI 54220-5208
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      2,338 SF

      Retail Space in Manitowoc

      Retail space available for lease in Manitowoc, Wisconsin.
      4530 Calumet Ave, Manitowoc, WI 54220
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    • $15 SF/Yr
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      Retail Space on Calumet Avenue

      Retail space with high traffic and abundant parking.
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      Manitowoc Office/Retail Space Available

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    • Contact for pricing
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      Prime Manitowoc retail space, multiple suites available.
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    • Contact for pricing
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      Manitowoc Retail Space Available

      Prime Manitowoc retail space, multiple units.
      4550 Calumet Ave, Manitowoc, WI 54220
      View Details
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    701 Reed Ave
    Manitowoc, WI 54220-2129
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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