Retail Space with Drive-Up
2827 S Business Drive, Sheboygan, WI 53081
For Sale
New
Contact for pricing
The space can be configured in smaller sections within a fully occupied retail center.
Property Size4,000 SF
Price / SF$0.00
Days on Market5
Property Features for 2827 S Business Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Sprinkler System
Amenities
drive-up door
Building Details
Building Size
Year Built
Listing Agency:
Nai Pfefferle - Sheboygan
(920) 783-6330
Listed By:
Dane Checolinski · License WI #8440294
(920) 344-8732
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 3:27PM
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
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 retail space has 18-foot ceilings, a fully sprinklered interior and a drive-up door. The landlord is open to dividing the space to accommodate different configurations. The building dates to 1995 and is zoned Urban Comm.
The center’s other space is fully occupied, and tenants share more than 100 parking spaces. The property is situated at a signalized intersection in Sheboygan.
The center’s other space is fully occupied, and tenants share more than 100 parking spaces. The property is situated at a signalized intersection in Sheboygan.
Key Highlights
- 18‑foot ceilings and a fully sprinklered interior
- Drive‑up door
- Landlord will consider dividing the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,181
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,620
$883.6K
Cap Rate 7%
$631,157
$631.2K
Cap Rate 9%
$490,900
$490.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$64.8K $16.20/SF
− Vacancy
−$1.7K −$0.42/SF
EGI
$63.1K $15.78/SF
− OpEx
−$18.9K −$4.73/SF
NOI
$44.2K $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%
$883,620
Cap Rate 7%
$631,157
Cap Rate 9%
$490,900
Alternative Uses
Best Use
Retail
$631.2K
$552.3K – $736.4K
NOI $44,181 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$871.8K
$762.8K – $1.02M
NOI $61,023 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
172k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The space can be configured in smaller sections within a fully occupied retail center.
Where is this retail space located?
The property is located at 2827 S Business Drive Sheboygan, WI.
What are key features of this property?
This property features: 18‑foot ceilings and a fully sprinklered interior; Drive‑up door; Landlord will consider dividing the space
