606 Parkway BlvdTwo Rivers, WI 54241

This expansive 318,783-square-foot industrial facility in Two Rivers, Wisconsin, presents a compelling investment opportunity. Situated on a 27-acre lot at 606 Parkway Blvd, this multi-tenant distribution and manufacturing center offers significant potential. Currently 40% occupied by a tenant with a lease expiring June 30, 2027 (rent roll available upon request), the property boasts 126,000 square feet of currently leased functional space to a small 3PL operator. The building features a mix of warehouse (85%) and office (15%) space, with clear heights ranging from 13'7" to 22', column spacing of 45'W x 40'L, and five loading docks, three drive-ins, and four truck wells. A wet sprinkler system is installed throughout. The property benefits from heavy-duty utilities, including city sewer and water. Built in 1957 and 1977, with renovations in 1963, 1973, 1978, and currently underway (2023-2024), an estimated $2,500,000 in additional renovations is projected to bring currently vacant sections to leasable condition, adding approximately 192,783 square feet of space. The asking price is $5,000,000, representing a 7.60% cap rate. Ample outdoor storage and parking are available. The property's location in Manitowoc County, Wisconsin, zip code 54241, offers excellent access to transportation networks.