814 8Th StManitowoc, WI 54220

Property Details for 814 8Th St

Year built

1880

Lot size

0.06 AC

Property size (Sq ft)

3,608 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

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.

• CAP approach

  CAP return

  Valuation

  6%

  $651,467

  6.5%

  $601,354

  7%

  $558,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $366,296

  Geo Method

  $469,942

• Alternative Use

  Use

  Valuation

  Residential

  $745,679

  Hospitality

  $683,038

  Educational

  $568,280

  Medical

  $587,824

  Retail

  $883,991

Location Insight

City

Manitowoc

County

Manitowoc

State

Wisconsin

Latitude

44.0917

Longitude

-87.6581

CBSA code

31820

CBSA name

MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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