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Property profile & analytics
OFF-MARKET Estimated value $1,050,000
Commercial land

1619 Calumet Dr Sheboygan, WI 53081-2552

16,440 SF 1.54 ac lot Built 1968
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-1255281
Property summary
AI-generated overview

This exceptional commercial property at 1619 Calumet Drive in Sheboygan, Wisconsin presents a prime redevelopment opportunity or the chance to acquire an established commercial site. Situated on a prominent corner lot spanning 1.91 acres, this property boasts unparalleled visibility along Highway 42, Sheboygan's major north-south thoroughfare. The substantial 280-foot frontage ensures maximum exposure to a high volume of daily traffic. The existing structure, a former car dealership, offers a large footprint of 12,710 square feet and includes over 100 parking stalls, providing ample space for customers and employees. Adding to its investment potential are two existing billboard leases on the 0.6-acre portion of the lot, generating additional income streams. Located in the heart of Sheboygan, this property benefits from its central location within a densely populated area, making it ideal for a wide range of commercial uses. This rare combination of size, location, visibility, and existing infrastructure makes this an exceptional investment opportunity not to be missed. The property's strategic placement and high traffic count offer significant potential for future growth and profitability.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1968
Total area 16,440 SF
Lot 1.54 ac (66,865 SF)
Zoning code BB2
APN 59281600850
UPID US92-1255281
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$1.05M
Owner & transaction history
Msr Realty LLC · 7 yrs held
Msr Realty LLC
since 2018
7 recorded transactions
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BB2 · Sheboygan, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.3M +29.9%
Retail stores $1.3M +23.9%
Restaurant $1.3M +21.2%
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