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0 E Magnolia Ave - Prime Commercial Lots on Hwy 42/Memorial Dr. 1.97 - 4 Acre Commercial Land Lots Offered at $1,361,231 - $2,763,922 CAD Per Lot in Manitowoc, WI 54220
INVESTMENT HIGHLIGHTS
- Prime Location & Strategic Advantage: Situated directly along Highway 42/Memorial Drive - ensuring high visibility and accessibility.
- Business Friendly Zoning: Zoned B-3 General Business District, with the City of Manitowoc receptive to tailored zoning and signage requirements.
- Growing Community: Positioned near 42 new construction homes to the west and a planned 177-unit, market-rate apartment complex.
- Fully Improved: Both lots are equipped with essential utilities, including water, sewer, and a stormwater pond, ready for immediate development.
- Vibrant Surroundings: Adjacent to the West of Lake Botanical Gardens and steps from Lake Michigan, with access to Mariner's Trail.
- Traffic and Accessibility: Located along a corridor with a speed limit of 25-35 mph, enhancing safety and ease of access for customer.
EXECUTIVE SUMMARY
-1.97 acres (Lot 3) with multiple access points
-Sale price: $495,000 per acre
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,361,231 - $4,125,153 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 2 | Total Lot Size | 5.97 AC |
| Property Type | Land | ||
| Zoning | B-3 - General Business District | ||
| Price | $1,361,231 - $4,125,153 CAD |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.97 AC |
| Zoning | B-3 - General Business District |
2 LOTS AVAILABLE
Lot Lot 2
| Price | $2,763,922 CAD | Lot Size | 4.00 AC |
| Price Per AC | $690,980.42 CAD |
| Price | $2,763,922 CAD |
| Price Per AC | $690,980.42 CAD |
| Lot Size | 4.00 AC |
4.0 acres (Lot 2) on high-traffic stoplight intersection, can be subdivided to suit the buyer's needs. $495,000 per acre.
Lot Lot 3
| Price | $1,361,231 CAD | Lot Size | 1.97 AC |
| Price Per AC | $690,980.42 CAD |
| Price | $1,361,231 CAD |
| Price Per AC | $690,980.42 CAD |
| Lot Size | 1.97 AC |
1.97 acres (Lot 3) with multiple access points. $495,000 per acre.
DESCRIPTION
Discover an exceptional opportunity to establish your business in the thriving city of Manitowoc, Wisconsin, with two prime commercial lots for sale along Highway 42/Memorial Drive. These parcels, part of the Mariner Lux Development, offer unmatched potential for mixed-use commercial ventures in a rapidly growing area. • Prime Location & Strategic Advantage: Situated directly along Highway 42/Memorial Drive with a stoplight at the intersection of E. Reed Avenue and Memorial Drive, ensuring high visibility and accessibility with multiple entry points (direct ingress/egress). • Fully Improved: Both lots are equipped with essential utilities, including water, sewer, and a stormwater pond, ready for immediate development. • Business-Friendly Zoning: Zoned B-3 General Business District, with the City of Manitowoc receptive to tailored zoning and signage requirements. • Vibrant Surroundings: Adjacent to the West of Lake Botanical Gardens and steps from Lake Michigan, with access to the Mariner's Trail, recently named Wisconsin's Most Treasured View by USA Today. • Growing Community: Positioned near 42 new construction homes to the west and a planned 177-unit, market-rate apartment complex (Lot 1 ), with construction starting in late 2025, ensuring a built-in customer base. • Traffic and Accessibility: Located along a corridor with a speed limit of 25-35 mph, enhancing safety and ease of access for customers. • Excess Parking: Ample parking space available, providing flexibility for various business models. Manitowoc is a dynamic lakeside city experiencing significant growth, making it an ideal location for businesses looking to capitalize on a burgeoning market. With its strategic position along Lake Michigan, a robust local economy, and proximity to popular attractions like the Mariner's Trail, these parcels present a lucrative opportunity for retail, dining, or service-oriented businesses to thrive in a high-traffic, community-focused area.
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0 E Magnolia Ave - Prime Commercial Lots on Hwy 42/Memorial Dr.
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