Grocery-Anchored Retail
2821 N 15th Street, Sheboygan, WI 53081
For Sale
New
Contact for pricing
Inline and end-cap configurations are available in a neighborhood center with a grocery anchor.
Property Size8,000 SF
Price / SF$0.00
Days on Market3
Property Features for 2821 N 15th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Road Access
Amenities
mature landscaping
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Nai Pfefferle - Sheboygan
(920) 783-6330
Listed By:
Dane Checolinski · License WI #8440294
(920) 344-8732
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 3:53PM
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 - Sheboygan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space at Northgate Shopping Center offers inline and end-cap configurations. The center, built in 2003, totals approximately 72,000 SF and is anchored by Piggly Wiggly. The available space is 8,000 SF, with an option to combine 2821 and 2825 N 15th Street for a total of 10,500 SF. The zoning designation is Urban Comm.
The property is at 2821 N 15th Street in Sheboygan, near North High School and along a major arterial road. The center has ample parking and mature landscaping. Outside eating areas or a playground may be accommodated.
The property is at 2821 N 15th Street in Sheboygan, near North High School and along a major arterial road. The center has ample parking and mature landscaping. Outside eating areas or a playground may be accommodated.
Key Highlights
- Approximately 72,000 SF neighborhood shopping center anchored by Piggly Wiggly
- 8,000 SF retail space; 2821 and 2825 can combine for 10,500 SF
- Inline and end‑cap configurations available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,361
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,220
$1.8M
Cap Rate 7%
$1,262,300
$1.3M
Cap Rate 9%
$981,789
$981.8K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$129.6K $16.20/SF
− Vacancy
−$3.4K −$0.42/SF
EGI
$126.2K $15.78/SF
− OpEx
−$37.9K −$4.73/SF
NOI
$88.4K $11.05/SF
Area
Sheboygan County, WI
Vacancy
2.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,220
Cap Rate 7%
$1,262,300
Cap Rate 9%
$981,789
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,361 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,047 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 22%
Home Improvements & Furnishings 6%
McDonald's
Dining
21,934 visits/mo
0.5 miles
Dollar Tree
Shops & Services
10,051 visits/mo
0.5 miles
KFC
Dining
6,235 visits/mo
0.5 miles
BIGGBY COFFEE
Dining
4,598 visits/mo
0.5 miles
Ashley
Home Improvements & Furnishings
2,589 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Inline and end-cap configurations are available in a neighborhood center with a grocery anchor.
Where is this retail space located?
The property is located at 2821 N 15th Street Sheboygan, WI.
What are key features of this property?
This property features: Approximately 72,000 SF neighborhood shopping center anchored by Piggly Wiggly; 8,000 SF retail space; 2821 and 2825 can combine for 10,500 SF; Inline and end‑cap configurations available
