1900 Woodland DrManitowoc, WI 54220

Property Details for 1900 Woodland Dr

Year built

1990

Lot size

6.78 AC

Property size (Sq ft)

22,605 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

52-131-002-150.00

APU

5213100215000

Description

This exceptional 22,605 square foot office complex in Manitowoc, Wisconsin, presents a unique redevelopment opportunity. Situated on a 7.6-acre lot with stunning waterfront views along Highway 42 and Lake Michigan, this property offers significant potential. The main building, constructed in phases between 1990 and 1997, features three separate sections, each with its own HVAC, water heaters, and electrical systems (including 208-volt panels). The property includes 128 parking spaces, two main lobbies, break rooms, classrooms, executive offices, and an enclosed courtyard. Security features include four alarmed doors. The versatile space is ideal for a variety of uses, including medical, dental, or other healthcare facilities, given its previous use as a medical clinic. The property's C1 zoning allows for numerous commercial applications, while two adjacent parcels zoned R-4 and R-6 offer additional residential development potential, creating opportunities for mixed-use development. Conveniently located near residential neighborhoods, downtown Manitowoc (7-minute drive), and Green Bay (30-minute drive), with easy access to Interstate 43, this property boasts three access points (45th Street, Horseshoe Drive, and Memorial Drive) and prominent signage along Highway 42 and 45th Street. The asking price is $1,300,000. Seller financing is available.

• CAP approach

  CAP return

  Valuation

  6%

  $4,081,601

  6.5%

  $3,767,632

  7%

  $3,498,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,294,932

  Geo Method

  $2,944,301

• Alternative Use

  Use

  Valuation

  Residential

  $4,671,864

  Hospitality

  $4,279,402

  Educational

  $3,560,412

  Medical

  $3,682,860

  Retail

  $5,538,418

Location Insight

City

Manitowoc

County

Manitowoc

State

Wisconsin

Latitude

44.1233

Longitude

-87.6219

CBSA code

31820

CBSA name

MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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