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1851 S Alverno Rd
Manitowoc, WI 54220
Office Property For Sale
Investment Highlights
- Design built for adaptability and growth.
- Property grounds designed and cared for with exceptional quality.
- 23% occupied by long term tenant.
- Located near Interstate 43.
- Ample surface parking.
- Located near local and national tenants.
Executive Summary
This expansive office/flex property offers a total building size of approximately 36,942 square feet, situated on a generous 8.44-acre parcel (Parcel ID: 449-008-011). Originally constructed in 2007 with 8,400 SF, the facility has undergone two significant additions—9,472 SF in 2012 and 19,070 SF in 2017—demonstrating its design for adaptability and future growth. Built with a durable pre-engineered steel frame structure, the property features an exceptionally large surface parking lot, ensuring ample space for employees and visitors. Strategically located near Interstate 43 and surrounded by a mix of local and national retailers, the site offers excellent accessibility and visibility. Currently, 23% of the building is occupied by a long-term tenant, providing immediate income potential. The property is meticulously maintained, with well-designed grounds that reflect a commitment to quality. Offered at $3,250,000, this is a prime opportunity for businesses seeking a versatile and scalable space in a thriving commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
36,942 SF
Building Class
B
Year Built/Renovated
2007/2015
Price
$3,250,000
Price Per SF
$87.98
Percent Leased
23%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
36,942 SF
Building FAR
0.10
Lot Size
8.44 AC
Parking
415 Spaces (11.23 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 052-449-008-011.00 | Improvements Assessment | $2,635,000 |
| Land Assessment | $165,000 | Total Assessment | $2,800,000 |
Property Taxes
Parcel Number
052-449-008-011.00
Land Assessment
$165,000
Improvements Assessment
$2,635,000
Total Assessment
$2,800,000
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