4801 Expo DrManitowoc, WI 54220

Property Details for 4801 Expo Dr

Year built

1985

Lot size

2.19 AC

Property size (Sq ft)

12,686 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

52-835-102-031.00

APU

5283510203100

Description

This 12,686 square foot Class C executive office building in Manitowoc, Wisconsin, is available for $1,200,000. Located at 4801 Expo Dr, 54220, this vacant property boasts a highly adaptable floor plan suitable for multiple uses. The building sits on a 2.19-acre lot and offers ample parking for up to 65 vehicles. Its prime location provides high traffic visibility and convenient access to Interstate 43, with a public bus stop directly on-site. Built in 1985, the property presents a significant opportunity. The modified lease type allows for flexibility. Expansion potential exists with two adjacent lots (1.36 and 2.59 acres) available for purchase, increasing the total possible acreage to 6.36 acres. This presents a unique chance to acquire a substantial commercial property with excellent highway access and ample parking in a high-traffic area. Showings are available, with scheduling requirements in place.

• CAP approach

  CAP return

  Valuation

  6%

  $2,290,608

  6.5%

  $2,114,407

  7%

  $1,963,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,287,923

  Geo Method

  $1,652,352

• Alternative Use

  Use

  Valuation

  Residential

  $2,621,865

  Hospitality

  $2,401,614

  Educational

  $1,998,115

  Medical

  $2,066,833

  Retail

  $3,108,179

Location Insight

City

Manitowoc

County

Manitowoc

State

Wisconsin

Latitude

44.0802

Longitude

-87.7098

CBSA code

31820

CBSA name

MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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