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2525 Menasha Ave Restaurant, Manitowoc, WI 54220

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ID: 19
2525 Menasha Ave Restaurant, Manitowoc, WI 54220
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$149,999.00

(Currently Sold Out. Inquire for availability)
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Property Description

Introducing an unbeatable investment opportunity at 2525 Menasha Ave, Manitowoc, WI 54220!

This property boasts 3,360 sq. ft. of space on a sprawling 35,280 sq. ft. lot with a full basement. Renovated in 2022, the building features a mix of tile, vinyl, and wood floors, all topped with a durable composition roof.

With a prime location and fantastic tenants already in place with a lease until 2025, this property generates a monthly rent of $1,600. The attractive numbers continue with monthly expenses such as taxes at $1,700 and insurance at $1,200, resulting in a Net Operating Income (NOI) of $16,300.

The impressive 10.8% cap rate makes this a lucrative investment opportunity for savvy buyers looking to expand their portfolio. Don't miss out on this turnkey property that promises both immediate income and long-term growth potential. Take advantage of this chance to secure a solid investment in a thriving market!

BUILDING INFORMATION

  • 3,360
  • 3,360
  • 100%
  • 1
  • 1965
  • 2022
  • 1
  • 1
  • 0.081
  • 10

PROPERTY TYPE

  • Retail
  • Restaurant
  • Owner/User
  • Owner/User
  • D
  • Gross
  • Single
  • 100%

PRICING

  • $149,999
  • $10,000 min.
  • $44.64
  • 10.87%
  • $16,300