2401 S 30th Street, Manitowoc, WI 54221
Property ID: #4790
- Address: 2401 S 30th Street
- City: Manitowoc
- State: WI
- Zip: 54221
- Country: United States
- Municipality: City of Manitowoc
- County: Manitowoc
- Property Type: Commercial
- Additional Types: Commercial, Office, Warehousing
- Parcel Number: 052-836-401-010.00
- Lot Size: 97.92 Acres
- Square Feet: 547,533
Great opportunity in Manitowoc, WI. Property is located on 97.92 acres and features 7 buildings for a total of 547,533 sf. The main building consists of 306,546 sf of manufacturing/warehouse space and 33,028 sf of corporate office. Main building features several overhead cranes and truck loading doors, ceiling heights of 33' - 78' to roof and 28' - 53' clear to crane. The first floor office space in the main building consists of private offices with bullpen layout, 1 conference room, 1 lunch room and restrooms. The second floor office space consists of 7 conference rooms, offices with bullpen layout, 1 lunch room and restrooms. The secondary building (Building B) features 112,084 sf, overhead cranes, truck loading doors and a Canadian National Rail running throughout the building. There are 4 designated office areas, 3 conference rooms, locker room and lunch room in the secondary building. Building C has a total of 72,873 sf which features 3 paint booths, 2 curing ovens, overhead cranes and truck loading doors. The compressor building (Building D) is 11,176 sf. The Test Barn (Building E) is 6,000 sf. The Test Office (Building F) has 3,000 sf. The last building is the Training Center (Building G) which consists of 1 training section, 1 overhead door 1 restroom for a total of 2,400 sf.
Southeast on I-43 S to exit 149 for US-151. Left onto US 151 N. Right on Dewey St. Right on S 30th St. Property on left.
As is true with any major purchase, you should thoroughly investigate your investment before you go through with a real estate transaction. Always do your homework. Although it may be tempting to purchase a property without taking time to dig into it, we do not recommend it. Here are a few suggestions:
- Read the contract in full.
- If possible, physically visit the property.
- If the property is a multi-family, acquire rental history, vacancy rates, etc.
- Know the area in which you are buying, so you know what to expect of that market.
- Consult a local broker.
If a buyer is not certain that he or she want to purchase a particular property, then that buyer is advised not to bid on the property. If a buyer has not inspected and/or not performed due diligence on a property and desires to do so before purchasing the property, then that buyer is also advised not to bid on the property. As always, feel free to contact a Micoley representative at 888-869-5672 with any further questions.
Tips for Buying a Home
So you’ve decided to buy a home? Congrats, that’s great!
Here are some great tips to get you on your way to home ownership.
1. Determine Your Budget & SaveTake into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?
2. Secure a LoanOnce you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.
3. Be PreparedHave a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.
4. Stay InformedAlways make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.
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- Additional Licensing Information:
- Broker: Wade Micoley #43427-90
- Broker Firm: Micoley.com LLC #937843-91
Please contact your local lender