1851 S Alverno Rd - Office FOR SALE


Manitowoc, WI 54220
$3,250,000 USD
920-913-7355
1851 S Alverno Rd, Manitowoc, WI for Sale
$3,250,000 USD
Office - FOR SALE
1/4
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1851 S Alverno Rd
Manitowoc, WI 54220


HIGHLIGHTS

  • Design built for adaptability and growth.
  • Located near Interstate 43.
  • Property grounds designed and cared for with exceptional quality.
  • Ample surface parking.
  • 23% occupied by long term tenant.
  • Located near local and national tenants.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

415

LAND DETAILS

LAND ACRES

8.44 AC

LAND SF

367,646 SF

ZONING

-

APN/PARCEL ID

052-449-008-011.00,052-449-008-013.00

ASK ABOUT THIS PROPERTY

Troy RademannColliersMore Info
920-913-7355

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Troy RademannColliersMore Info
920-913-7355

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