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1851 S Alverno Rd 36,942 SF 23% Leased Office Building Manitowoc, WI 54220 $4,400,532 CAD ($119.12 CAD/SF)
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
$4,400,532 CAD
Price Per SF
$119.12 CAD
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)
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Property Taxes
| Parcel Numbers | Improvements Assessment | $3,567,816 CAD | |
| Land Assessment | $338,502 CAD | Total Assessment | $3,906,319 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$338,502 CAD
Improvements Assessment
$3,567,816 CAD
Total Assessment
$3,906,319 CAD
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1851 S Alverno Rd
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