Waterfront Restaurant and Event
739 Riverfront Dr Sheboygan, WI 53081
For Sale
$759,000
Historic riverfront venue with an expansive deck, commercial kitchen, and flexible second-floor space for events or offices.
Property Size4,094 SF
Price / SF$185.39
Days on Market14
Property Features for 739 Riverfront Dr
General Information
Standard status
Active
Size
4,094 SF
Listing Agency:
Century 21 Moves
(920) 912-0883
Listed By:
Beth Gotwald · License #92166-94
(920) 912-0883
Source:
Exprealty
Added: Jul 17
Changed: Jul 28
Last Checked: Jul 29 at 4:11PM
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 Century 21 Moves
Investment Insights
Based on property information with market context.
Nestled along the Sheboygan River, this waterfront destination features handcrafted bar seating that anchors expansive gathering areas. Interior finishes include exposed beams, warm wood elements, and oversized windows, with an expansive deck providing an additional outdoor space. A commercial kitchen is included for culinary operations and special events.
The property also includes a second story with soaring ceilings and an open floor plan that is described as suitable for luxury events, offices, loft-style living, or storage. Located at 739 Riverfront Dr in Sheboygan, the building is positioned in downtown for high visibility to the harbor setting.
The property also includes a second story with soaring ceilings and an open floor plan that is described as suitable for luxury events, offices, loft-style living, or storage. Located at 739 Riverfront Dr in Sheboygan, the building is positioned in downtown for high visibility to the harbor setting.
Key Highlights
- Historic riverfront venue along the Sheboygan River with expansive deck overlooking the water
- Commercial kitchen equipped to support culinary ventures, special events, and other future uses
- Handcrafted bar and open gathering spaces with exposed beams, warm wood finishes, and oversized windows
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 | $73.7k | $18.00 |
| − Vacancy | −$1.9k | −$0.47 |
| EGI | $71.8k | $17.53 |
| − OpEx | −$17.9k | −$4.38 |
| NOI | $53.8k | $13.15 |
4,094 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$366.6K
$320.8K – $427.7K
NOI $25,663 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$892.2K
$780.7K – $1.04M
NOI $62,457 @ 7.0% cap · market cap 8.23%
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?
Marina - Historic riverfront venue with an expansive deck, commercial kitchen, and flexible second-floor space for events or offices.
Where is this marina located?
The property is located at 739 Riverfront Dr Sheboygan, WI.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Historic riverfront venue along the Sheboygan River with expansive deck overlooking the water; Commercial kitchen equipped to support culinary ventures, special events, and other future uses; Handcrafted bar and open gathering spaces with exposed beams, warm wood finishes, and oversized windows
