Two-Level Office
New
For Sale
$699,000
1215 Eastern Ave, Plymouth, WI 53073
Six multi-room suites provide a flexible office configuration across two floors.
Property Size3,555 SF
Price / SF$196.62
Days on Market2
Property Features for 1215 Eastern Ave
General Information
Standard status
Active
Size
3,555 SF
Property subtype
Commercial
Additional Details
Office Units
6
Tenant in Place
Yes
Property Use
Office
Amenities
five furnaces
zoned heating and cooling
Building Details
Year Built
1972
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Avenue Real Estate LLC
Listed By:
Katy Cain · License #23544
(920) 980-9302
Source:
Milwaukeeforeverhome
Added: Oct 24
Last Checked: Oct 24 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avenue Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,555-square-foot office building in Plymouth has two floors and six multi-room suites. Four suites are occupied under month-to-month leases. The property was built in 1972 and has five furnaces with zoned heating and cooling, plus 25+ parking spaces in front and rear lots.
Located at 1215 Eastern Ave, the building combines multiple office suites with on-site parking. Profit-and-loss statements and lease copies are available with an accepted offer.
Located at 1215 Eastern Ave, the building combines multiple office suites with on-site parking. Profit-and-loss statements and lease copies are available with an accepted offer.
Key Highlights
- Six multi‑room office suites arranged across two levels
- Four suites occupied under month‑to‑month leases
- 3,555 square feet; built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,738
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,760
$774.8K
Cap Rate 7%
$553,400
$553.4K
Cap Rate 9%
$430,422
$430.4K
Market Conditions
NOI Build-Up for 3,555 SF
Gross rent
$61.9K $17.40/SF
− Vacancy
−$10.2K −$2.87/SF
EGI
$51.7K $14.53/SF
− OpEx
−$12.9K −$3.63/SF
NOI
$38.7K $10.90/SF
Area
Sheboygan County, WI
Vacancy
16.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,760
Cap Rate 7%
$553,400
Cap Rate 9%
$430,422
Alternative Uses
Best Use
Office B
$553.4K
$484.2K – $645.6K
NOI $38,738 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.8K
$677.9K – $903.9K
NOI $54,235 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 53073, WI
16,286
Population
6,591
Households
2.5
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
84.6 sq mi
ZIP Area
193
Density / Sq Mi
$76,100
Median Household Income
$43,023
Median Earnings
$867
Median Rent
$237,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Six multi-room suites provide a flexible office configuration across two floors.
Where is this office building located?
The property is located at 1215 Eastern Ave Plymouth, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six multi‑room office suites arranged across two levels; Four suites occupied under month‑to‑month leases; 3,555 square feet; built in 1972
