814 8th St Manitowoc, WI 54220-4503
- Investment properties
- 3,608 SF
- 0.06 lot acres
Current Use by Public Records
- Peterson Benefits Group, Inc. / Insurance Agency / Financial Consultant
- The Anchor House / Office Space Rental Agency
- AAIB Business Solutions, LLC. / Business Development Service
- Glaze & Paint LLC / Artistic Handicrafts
Property Details for 814 8th St
- Year built
- 1880
- Lot size
- 0.06 lot acres
- Property size
- 3,608 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 52-000-218-050.00
- APU
- 5200021805000
Description
This exceptional 3,800 square foot commercial property is ideally situated in the heart of downtown Manitowoc, Wisconsin. Located at 814 S 8th STREET, this general commercial space offers unparalleled flexibility for a variety of business uses. The current configuration can be adapted to suit the needs of the new owner, with the option to include or exclude existing furnishings. The building sits on a 0.06-acre lot and includes a significant benefit: a lease for three parking spaces directly behind the building, providing convenient parking for employees and clients. Currently, the property is co-leased to two separate businesses, presenting a unique opportunity for a multi-tenant setup or a single occupant to take over the entire space. The property is exceptionally well-maintained, reflecting a commitment to quality and longevity. The asking price for this prime downtown location is $349,900. This is a rare opportunity to acquire a versatile and well-positioned commercial property in a thriving Wisconsin community. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional offering. The property's central location and adaptable layout make it an ideal investment for businesses seeking a strong presence in the Manitowoc market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $470,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $395,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $395,000
- Mixed-Use
- $405,000
- Hospitality
- $515,000
- Educational
- $390,000
- Residential Income
- $520,000
- Energy
- $465,000
- Income-Based Land
- $460,000
- Food Service
- $530,000
Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.6581
- Latitude
- 44.0917
- CBSA code
- 31820
- CBSA name
- MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
