811 Jay StManitowoc, WI 54220

Property Details for 811 Jay St

Year built

1916

Lot size

0.13 AC

Property size (Sq ft)

8,225 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

52-000-239-030.00

APU

5200023903000

Description

This exceptional 8,225 square foot commercial property located at 811 Jay Street in Manitowoc, Wisconsin, presents a fantastic investment opportunity. Situated on a 0.13-acre lot, this building boasts a wealth of recent improvements, enhancing both its aesthetic appeal and operational efficiency. Within the last seven years, the property has undergone a significant exterior renovation, giving it a fresh and modern look. A new rubber roof ensures long-term protection from the elements, while a recently installed ventilation system guarantees optimal indoor air quality. The property includes a convenient two-car garage, perfect for storage or employee parking, and an attractive outdoor seating area, ideal for expanding business operations or creating a welcoming atmosphere for customers. The sale includes nearly all existing bar and kitchen equipment, minimizing the initial investment required to commence operations. This turnkey property is ready for immediate occupancy, offering a seamless transition for new owners to establish or expand their business. Priced at $419,900, this is a rare chance to acquire a well-maintained, updated commercial space in a desirable location. Don't miss this chance to own a piece of Manitowoc's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,485,121

  6.5%

  $1,370,881

  7%

  $1,272,961

• Comparable approach

  Method

  Valuation

  Relative Method

  $835,028

  Geo Method

  $1,071,306

• Alternative Use

  Use

  Valuation

  Residential

  $1,699,893

  Hospitality

  $1,557,093

  Educational

  $1,295,483

  Medical

  $1,340,036

  Retail

  $2,015,196

Location Insight

City

Manitowoc

County

Manitowoc

State

Wisconsin

Latitude

44.0894

Longitude

-87.6584

CBSA code

31820

CBSA name

MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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