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    Cedar Grove Commercial Multi-Use Building Title is generated by Realmo AI

    115 S Main St, Cedar Grove, WI 53013

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    Claim this Listing
    For Sale
    $499,900

    Office(s),Retail - Cedar Grove, WI

    Property size:
    2,744 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $182/SF
    Added:
    Jun 28, 2024
    Days on Market:
    712
    Last Refresh:
    Jun 9 at 1:06 am

    Property Features for 115 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm
    Interior features
    Fixtures, Furniture, Handicap Equipped, Inside Storage, Office(s), Rest Rooms
    Exterior features
    220 Volt Power
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    Not Assigned
    Size
    2,744 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Other
    Architectural style
    Other

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    Listing Contact
    Barbara A Beattie
    Barbara A Beattie

    Listing agent Barbara A Beattie License #56595-90

    Listing office Berkshire Hathaway HomeServices Metro Realty 11225 W. Bluemound Rd, Wauwatosa, WI 53226, Wauwatosa, WI

    Listing date Jun 28, 2024

    MLS# 1881677 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Owner financing available, making this an accessible investment.
    • Spacious 2744+ sq ft brick commercial multi‑use building, offering versatility.
    • Built in 2008, this property offers modern construction.
    • Convenient drive‑through window, ideal for various business types.
    • Ample parking and outdoor dining space.
    • Handicap equipped with accessible approach and ramp.

    Overview

    This 2744 square foot brick commercial multi-use building, constructed in 2008, is located in the center of Cedar Grove. The property was most recently used as a restaurant. It features a drive-through window, parking, and outdoor dining area. Formerly a Cousins Subs, the location is suitable for restarting a business or establishing a franchise. The property has a lot size of 0.22 acres. A new tax key will be created for the property.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $49.4k $18.00
    − Vacancy −$1.3k −$0.47
    EGI $48.1k $17.53
    − OpEx −$12.0k −$4.38
    NOI $36.1k $13.15
    2,744 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $515.4K
    $451.0K – $601.4K (±1% cap)
    NOI $36,081 @ 7.0% cap · market cap 7.22%
    Second Best
    Retail
    $433.0K
    $378.9K – $505.1K (±1% cap)
    NOI $30,308 @ 7.0% cap · market cap 6.06%
    Theoretical Best
    Office A
    $598.0K
    $523.3K – $697.7K (±1% cap)
    NOI $41,862 @ 7.0% cap · market cap 8.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.820503
    Latitude
    43.571525

    FAQs

    What type of property is this?
    Restaurant - 2744 sq ft commercial building in the center of Cedar Grove.
    Where is this restaurant located?
    The property is located at 115 S Main St Cedar Grove, WI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Owner financing available, making this an accessible investment.; Spacious 2744+ sq ft brick commercial multi‑use building, offering versatility.; Built in 2008, this property offers modern construction.
    More about this property
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