Updated Restaurant with Large
3827 Superior Ave Sheboygan, WI 53081
3827 Superior Ave, Sheboygan, WI, 53081
$980,000
For Sale
$980,000
Nicely updated restaurant offering a spacious dining room, large kitchen, and newly built parking lot with about 40 spaces.
Property Size2,600 SF
Price / SF$376.92
Days on Market86
Property Features for 3827 Superior Ave
General Information
- Standard status
- Active
- Size
- 2,600 SF
Listing agency
Greystone Asset, LLC
(920) 451-8680
Listed by
Laura Corrao
(920) 451-8680
Source
Exprealty
Added: Apr 28 Updated: Jul 21 at 3:33PM Checked: Jul 21 at 3:33PM
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 Greystone Asset, LLC
Investment Insights
Based on property information with market context.
This nicely updated restaurant features a spacious dining room and a large kitchen designed for full-service operations. The seller will include the kitchen equipment, including the fryer and stove, as well as tables and chairs.
The property includes a newly constructed parking lot with approximately 40 parking spots, supporting convenient customer access.
Offered for sale as a turn-key restaurant setup, the interior layout is centered on a dining area supported by a sizable commercial kitchen and included restaurant furnishings and equipment.
The property includes a newly constructed parking lot with approximately 40 parking spots, supporting convenient customer access.
Offered for sale as a turn-key restaurant setup, the interior layout is centered on a dining area supported by a sizable commercial kitchen and included restaurant furnishings and equipment.
Key Highlights
- Nicely updated restaurant with a spacious dining room and large kitchen
- New parking lot with approximately 40 parking spots
- Kitchen equipment included: fryer, stove, tables, and chairs
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $18.00 |
| − Vacancy | −$1.2k | −$0.47 |
| EGI | $45.6k | $17.53 |
| − OpEx | −$11.4k | −$4.38 |
| NOI | $34.2k | $13.15 |
2,600 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$488.4K
$427.3K – $569.8K
NOI $34,187 @ 7.0% cap · market cap 3.49%
Second Best
Industrial
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 1.66%
Theoretical Best
Office A
$566.6K
$495.8K – $661.1K
NOI $39,665 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Randall's Frozen Custard
Restaurant
Kame Ramen & Sushi ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Nicely updated restaurant offering a spacious dining room, large kitchen, and newly built parking lot with about 40 spaces.
Where is this conventional restaurant located?
The property is located at 3827 Superior Ave Sheboygan, WI.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Nicely updated restaurant with a spacious dining room and large kitchen; New parking lot with approximately 40 parking spots; Kitchen equipment included: fryer, stove, tables, and chairs
