Freestanding
For Sale
Contact for pricing
2727 S BUSINESS DR, Sheboygan, WI 53081
Freestanding restaurant currently leased through December 31, 2027, with potential for continued restaurant use or owner occupancy.
Property Size2,022 SF
Price / SF$420.38
Days on Market57
Property Features for 2727 S BUSINESS DR
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Retail
Net Operating Income
$63,142
Additional Details
Traffic Count
19,600 vehicles/day
Building Details
Year Built
1977
Stories
1
Units
1
Listing Agency:
NAI Pfefferle
Listed By:
Dane Checolinski · License #WI 84402-94
(920) 783-6330
Source:
Crexi
Added: Aug 21
Changed: Oct 14
Last Checked: Oct 14 at 10:32PM
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 NAI Pfefferle
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Investment Insights
Based on property information with market context.
Built in 1977, this 2,022-square-foot freestanding restaurant occupies an outlot along S. Business Drive in Sheboygan. The property was formerly operated as a Pizza Hut and retains a recognizable restaurant identity for continued food-service use or repositioning. It is currently leased through December 31, 2027, while the existing tenant is willing to consider an earlier lease termination for an owner-user.
The site benefits from prominent exposure along S. Business Drive, with reported traffic of 19,600 vehicles per day based on ADT. Its freestanding configuration and established restaurant setting provide a defined physical platform for an investor or an operator evaluating future occupancy.
The site benefits from prominent exposure along S. Business Drive, with reported traffic of 19,600 vehicles per day based on ADT. Its freestanding configuration and established restaurant setting provide a defined physical platform for an investor or an operator evaluating future occupancy.
Key Highlights
- 2,022 SF freestanding restaurant building
- Leased through December 31, 2027
- Existing tenant willing to consider early lease termination
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,587
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,740
$531.7K
Cap Rate 7%
$379,814
$379.8K
Cap Rate 9%
$295,411
$295.4K
Market Conditions
NOI Build-Up for 2,022 SF
Gross rent
$36.4K $18.00/SF
− Vacancy
−$946 −$0.47/SF
EGI
$35.4K $17.53/SF
− OpEx
−$8.9K −$4.38/SF
NOI
$26.6K $13.15/SF
Area
Sheboygan County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,740
Cap Rate 7%
$379,814
Cap Rate 9%
$295,411
Alternative Uses
Best Use
Specialty Retail
$379.8K
$332.3K – $443.1K
NOI $26,587 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.7K
$385.6K – $514.1K
NOI $30,847 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
19,600 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
172k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 25%
Groceries 14%
Home Improvements & Furnishings 2%
Piggly Wiggly
Groceries
24,825 visits/mo
0.3 miles
McDonald's
Dining
21,934 visits/mo
0.3 miles
Kwik Trip
Shops & Services
21,386 visits/mo
0.1 miles
Culver's
Dining
21,086 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,051 visits/mo
0.0 miles
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Golden Chopsticks Buffet — 3036 S Business Dr, Sheboygan, WI 53081
- Golden chopstick buffet — 3124 S Business Dr, Sheboygan, WI 53081
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant currently leased through December 31, 2027, with potential for continued restaurant use or owner occupancy.
Where is this conventional restaurant located?
The property is located at 2727 S BUSINESS DR Sheboygan, WI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,022 SF freestanding restaurant building; Leased through December 31, 2027; Existing tenant willing to consider early lease termination
