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4326 Michigan Ave Manitowoc Flex Space 4326 Michigan Ave 4,032 SF 100% Leased Retail Building Manitowoc, WI 54220 $249,000 ($61.76/SF)
INVESTMENT HIGHLIGHTS
- Well Maintained Commercial Retail/Office/Contractor use building
- A fire wall separates the front and back portions of the building.
- An asphalt parking lot serves the property and there is ample back yard space for a future addition for more parking or addition to the building.
- Two 2,016 sq ft spaces totalling 4,032 sq ft with upper level on back half for added storage or renovated.
- Both units are separately metered.
- Front half is leased to a pet grooming business and the back half provides ample storage with 2 overhead doors and upper space that could be renovated
EXECUTIVE SUMMARY
Well Maintained Commercial Retail/Office/Contractor use building on Manitowocs Northside. Front space is tenant occupied and the back half is used by the current property owner. for storage. Front half is leased to a pet grooming business and the back half provides ample storage with 2 overhead doors and upper space that could be renovated into living space. A fire wall separates the front and back portions of the building. Both units are separately metered. An asphalt parking lot serves the property and there is ample back yard space for a future addition for more parking or addition to the building, or just use for recreational purposes. Showings to pre-approved buyers with 24 hr notice and will have to work around the business hours of the tenant. Call George 920-905-0550 for details.
Private Remarks: Seller would prefer to have 45 to 60 days to close in order to remove their personal property from the building.
Showing Instructions: All showings scheduled minimum 24 hour notice and outside of tenants business hours. George 920-905-0550 for details
Inclusions: None
Exclusions: All business property of the front tenant and personal property of the seller currently stored in the building.
Private Remarks: Seller would prefer to have 45 to 60 days to close in order to remove their personal property from the building.
Showing Instructions: All showings scheduled minimum 24 hour notice and outside of tenants business hours. George 920-905-0550 for details
Inclusions: None
Exclusions: All business property of the front tenant and personal property of the seller currently stored in the building.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$8,400
|
$2.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$8,400
|
$2.08
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $2.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $2.08 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
4,032 SF
Building Class
C
Year Built
1947
Price
$249,000
Price Per SF
$61.76
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.29 AC
Zoning
B-1 - B-1 Business Zoned City of Manitowoc
Parking
16 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
81’ on Michigan Ave
AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Storage Space
PROPERTY TAXES
| Parcel Number | 052-823-101-150.00 | Improvements Assessment | $92,600 |
| Land Assessment | $31,300 | Total Assessment | $123,900 |
PROPERTY TAXES
Parcel Number
052-823-101-150.00
Land Assessment
$31,300
Improvements Assessment
$92,600
Total Assessment
$123,900
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4326 Michigan Ave Manitowoc Flex Space | 4326 Michigan Ave
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