3810 Calumet AveManitowoc, WI 54220

  • Commercial real estate
  • 0.62 AC
For Sale
$1,500,000 View listing

Property Details for 3810 Calumet Ave

Lot size
0.62 AC
Property type
Commercial real estate
APN
52-382-012-311.00
APU
5238201231100

Description

This exceptional 4,875 square foot retail property, situated on a 0.78-acre lot at 3810 Calumet Avenue in Manitowoc, Wisconsin, presents a lucrative investment opportunity. Built in 2024, this freestanding building boasts a prominent location and ample parking for approximately 20+ vehicles. The property features three individual spaces, each generously sized at 1,500 square feet, providing flexibility for a variety of retail businesses. A significant advantage is the presence of Papa Johns as the anchor tenant, ensuring a steady stream of foot traffic and established brand recognition. The remaining two spaces are currently available for lease, offering immediate income potential for the new owner. The property's modern construction and prime location in Manitowoc make it an ideal investment for those seeking a strong return on investment in a thriving commercial market. The gross leasable area totals 4,875 square feet, providing ample space for multiple businesses to thrive. This is a rare opportunity to acquire a newly constructed, well-located retail center with a strong anchor tenant already in place. The property's excellent visibility and convenient access make it an attractive destination for shoppers and businesses alike. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,596,109
    Hospitality
    $5,126,006
    Educational
    $4,264,776
    Medical
    $4,411,449
    Retail
    $6,634,097
3810 Calumet Ave, Manitowoc, Wisconsin

Location Insight

City
Manitowoc
County
Manitowoc
State
Wisconsin
Latitude
44.0821
Longitude
-87.6952
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
$3,695
$162,500
$64,900
$227,400
-
$162,714
$64,986
$227,700

FAQs

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