Historic Office Building with
517 Monroe St Sheboygan Falls, WI 53085
For Sale
$579,999
Historic commercial office building with four entrances, multiple suites and meeting spaces, and six off-street parking spots.
Property Size4,528 SF
Price / SF$128.09
Days on Market32
Property Features for 517 Monroe St
General Information
Standard status
Active
Size
4,528 SF
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
Pleasant View Realty, LLC
(920) 912-1064
Listed By:
Heather Zimbal
(920) 912-1064
Source:
Therealtycompanyllc
Added: Jun 28
Changed: Jul 27
Last Checked: Jul 29 at 12:27PM
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 Pleasant View Realty, LLC
Investment Insights
Based on property information with market context.
This meticulously maintained commercial office property was built around the 1860s and is offered with exceptional interior flexibility. The layout includes four separate entrances, two reception areas, private suites, meeting rooms, open flex spaces, and a dedicated IT room. Interior amenities include a kitchenette with a wet bar, motion-sensor lighting, four half baths, and one full bath. An expansive lower level is available for training, seminars, meetings, and community events, providing additional usable space for a variety of operational needs.
The property is within the historic Cole Historic District and benefits from downtown visibility, with approximately 5,900 vehicles passing daily. It also includes six off-street parking spaces, supporting day-to-day access for employees, clients, and visitors.
The offering is being marketed for flexibility across owner-occupant, investor, nonprofit, educational, and professional services use cases, with the buyer to verify zoning and permitted uses with the City of Sheboygan Falls.
The property is within the historic Cole Historic District and benefits from downtown visibility, with approximately 5,900 vehicles passing daily. It also includes six off-street parking spaces, supporting day-to-day access for employees, clients, and visitors.
The offering is being marketed for flexibility across owner-occupant, investor, nonprofit, educational, and professional services use cases, with the buyer to verify zoning and permitted uses with the City of Sheboygan Falls.
Key Highlights
- 4,528 SF historic commercial office building with multiple suites, meeting rooms, and flex spaces
- Built in 1997 and located within the historic Cole Historic District
- 4 separate entrances plus 2 reception areas and private suites for flexible tenant/usage setups
Financial Insights For Office B
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 | $78.8k | $17.40 |
| − Vacancy | −$13.0k | −$2.87 |
| EGI | $65.8k | $14.53 |
| − OpEx | −$16.4k | −$3.63 |
| NOI | $49.3k | $10.90 |
4,528 SF · lease $17.40/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$704.9K
$616.8K – $822.3K
NOI $49,340 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$986.8K
$863.5K – $1.15M
NOI $69,078 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Historic commercial office building with four entrances, multiple suites and meeting spaces, and six off-street parking spots.
Where is this office building located?
The property is located at 517 Monroe St Sheboygan Falls, WI.
What is the asking price?
The asking price for this property is $579,999.
What are key features of this property?
This property features: 4,528 SF historic commercial office building with multiple suites, meeting rooms, and flex spaces; Built in 1997 and located within the historic Cole Historic District; 4 separate entrances plus 2 reception areas and private suites for flexible tenant/usage setups
