1133 S 16th St - Warehouse FOR SALE


Manitowoc, WI 54220
$1,150,000 USD
608-572-8889
1133 S 16th St, Manitowoc, WI for Sale
$1,150,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate

NEW


1133 S 16th St
Manitowoc, WI 54220


HIGHLIGHTS

  • Vaulted Ceilings
  • Multiple Elevators
  • Drive-In Bays
  • Open Space
  • Natural Light
  • Exposed Brick

OVERVIEW

Adaptive Re-Use Project located just blocks from Downtown Manitowoc. This project can serve several needs including Climate Controlled Storage, Data Center Use, Apartments, and Condominiums. Cube Smart has provided a pro forma that shows the need for Climate Control within the area and the NOI has significant upside with minimal build out costs. This can be made available at request along with storage layout plans. The property has several large open spaces that can be converted and because it served as a tinsel producing factory, it has weight bearing floors to accommodate for storage or data center usage. The city has offered an opportunity to create 76 or 81 unit housing project or the development of market rate apartments. They are offering TIF if housing is to be provided. The building also has a historical designation and is offered historical tax credits. Less than 7 minutes from the interstate and minutes away from the port make it ideal for distribution, storage, or data conversions. See attached brochure for more information. Phase 1 and 2 environmental can be provided and show no site contamination.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$13 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Telecom Hotel/Data Hosting, Refrigeration/Cold Storage, undefined

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

10 Ft

DOCKS

4

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83

LAND SF

36,155

ZONING

I-1

APN/PARCEL ID

052-000-292-260.00

ASK ABOUT THIS PROPERTY

Guntis DredzelsLannon Stone Realty LLCMore Info
608-572-8889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Guntis DredzelsLannon Stone Realty LLCMore Info
608-572-8889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.