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3724-3726 Calumet Ave Manitowoc 3726 Calumet Ave

4,488 SF 50% Leased Industrial Building Manitowoc, WI 54220 £554,278 (£124/SF)

Investment Highlights

  • High Traffic location over 15,000 cars per day in the most popular business district.
  • Quick Access to I-43 just a few short minutes to or from exit #149.
  • Space #1 office area, shop space, w/overhead truck door. Space #2 has 4 overhead truck doors, car hoist, mezzanine storage area.
  • High Visibility Location, w/substantial asphalt parking lot providing ample on site parking.
  • Two Leased Spaces - Space #1 is 1,700 sq ft & Space #2 is 2,788 sq ft. Both NNN leases. Details available.

Executive Summary

Commercial Retail / Office property with 2 tenant lease spaces.
Located next to Papa Johns on the west and Rogans Shoes to the east. 15,000 car count per day past this location.
Space #1 provides 1,700 sq ft retail/office with 1 garage bay with insulated overhead door, one bathroom is under NNN lease with Enterprise Rental Car.
Space #2 provides 2,788 sq ft with 3 overhead insulated doors and one overhead insulated door on back of the building. (Currently Vacant and for lease @$10 sq ft NNN)
A car hoist is included in space #2, and the space is stubbed in for a bathroom. There is also a mezzanine level for added storage
Inclusions: Car Hoist Exclusions: Any personal or business property of the tenants.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £42,601 £9.49
Other Income - -
Vacancy Loss - -
Effective Gross Income £42,601 £9.49
Net Operating Income - -

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £42,601
Annual Per SF £9.49
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £42,601
Annual Per SF £9.49
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £554,278
Price Per SF £124
Sale Type Investment or Owner User
Sale Conditions Portfolio Sale
Property Type Industrial
Property Subtype
Truck Terminal
  • General Retail Auto Dealership
  • General Retail Auto Repair
  • Light Industrial Light Distribution
Lot Size 0.72 AC
Rentable Building Area 4,488 SF
Number of Floors 1
Year Built 1967
Parking Ratio 6.68/1,000 SF
Clear Ceiling Height 16 ft
Level Access Doors 5

Amenities

  • Mezzanine
  • Reception
  • Storage Space

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,788 SF
  • Retail
  • Shell Space
  • Now

The property provides 2 total leased spaces. Space #1 is occupied and under lease 1,700 sq ft retail/office with 1 garage bay, one bathroom. Space #2 is vacant and provides 2,788 sq ft with 3 overhead insulated doors on west side of the building and one overhead insulated door on the back end A car hoist is included, and the space is stubbed in for a bathroom. A mezzanine level for added storage. Inclusions: Car Hoist Exclusions: Any personal or business property of the tenants.

Space Size Space Use Condition Available
1st Floor 2,788 SF Retail Shell Space Now

1st Floor

Size
2,788 SF
Space Use
Retail
Condition
Shell Space
Available
Now

1st Floor

Size 2,788 SF
Space Use Retail
Condition Shell Space
Available Now

The property provides 2 total leased spaces. Space #1 is occupied and under lease 1,700 sq ft retail/office with 1 garage bay, one bathroom. Space #2 is vacant and provides 2,788 sq ft with 3 overhead insulated doors on west side of the building and one overhead insulated door on the back end A car hoist is included, and the space is stubbed in for a bathroom. A mezzanine level for added storage. Inclusions: Car Hoist Exclusions: Any personal or business property of the tenants.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-382-012-341.00
Land Assessment
£153,720 (2023)
Improvements Assessment
£171,210 (2023)
Total Assessment
£324,930 (2023)

zoning

Zoning Code Commercial (C-1 Commercial Business Zoning City of Manitowoc)
Commercial (C-1 Commercial Business Zoning City of Manitowoc)
  • Listing ID: 34083544

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 3726 Calumet Ave, Manitowoc, WI 54220

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