1701 Washington StManitowoc, WI 54220

  • Banks
  • 3,486 SF
For Lease
$10/SF/YR View listing

Property Details for 1701 Washington St

Year built
1970
Lot size
0.13 AC
Property size (Sq ft)
3,486 SF
Property type
Banks
APN
52-000-263-010.00
APU
5200026301000

Description

This exceptional investment opportunity presents a 3,466 square foot, single-building office property located at 1701 Washington Street in Manitowoc, Wisconsin. The property, built in 1970, is classified as Class C and features a split-level design. The building sits on a generous 1.3-acre lot, providing ample dedicated parking for tenants and visitors. Currently configured for multiple tenants, one suite of 1,653 square feet is immediately available. The property's convenient location places it just blocks from the vibrant downtown Manitowoc area, offering easy access to a variety of amenities including charming shops, diverse restaurants, outdoor recreational areas, cultural attractions, bars, and festivals. The property's Assessed Parcel Number (APN) is 000-263-010. This presents a unique chance to acquire a well-situated office building in a thriving Wisconsin community. The property's size and location make it ideal for a variety of business uses. Further details are available upon request. A virtual tour is available online.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $734,417
    6.5%
    $677,923
    7%
    $629,500
  • Comparable approach

    Method
    Valuation
    Relative Method
    $368,066
    Geo Method
    $472,214
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,337,820
    Mixed-Use / Specialty
    $669,118
    Hospitality / Lodging
    $482,594
    Office
    $658,490
    Institutional / Educational
    $693,330
    Residential Income
    $811,196
    Multifamily
    $1,008,320
    Automotive / Energy
    $594,283
    Parking / Income-Based Land
    $211,391
    Restaurant / Food Service
    $334,380
    Healthcare / Senior Housing
    $692,719

Location Insight

City
Manitowoc
County
Manitowoc
State
Wisconsin
Latitude
44.0887
Longitude
-87.6706
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
$3,753
$27,500
$203,400
$230,900
-
$27,524
$203,576
$231,100

FAQs

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