Waterfront Conventional
For Sale
$659,000
739 Riverfront Dr, Sheboygan, WI 53081
Riverfront restaurant property with a commercial kitchen, event-ready gathering areas, and a second-story open floor plan.
Property Size4,094 SF
Price / SF$160.97
Days on Market79
Property Features for 739 Riverfront Dr
General Information
Standard status
Active
Size
4,094 SF
Additional Details
Patio
Yes
Amenities
deck
Building Details
Year Built
1990
Listing Agency:
Century 21 Moves
Listed By:
Beth Gotwald · License #92166-94
(920) 912-0883
Source:
Nikolicgroup
Added: Jul 28
Changed: Sep 24
Last Checked: Oct 7 at 4:13PM
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.
This 1990-built restaurant property along the Sheboygan River combines dining, event, and hospitality features within a distinctive waterfront setting. Interior elements include a handcrafted bar, exposed structural beams, wood finishes, large windows, and connected gathering areas. An expansive deck extends the usable venue toward the river, while the commercial kitchen supports culinary operations and special events.
The second story provides soaring ceilings and an open layout that the source identifies as suitable for luxury events, offices, loft-style living, or storage. The property is located at 739 Riverfront Dr in Sheboygan, Wisconsin, within the downtown area and near the harbor environment.
The second story provides soaring ceilings and an open layout that the source identifies as suitable for luxury events, offices, loft-style living, or storage. The property is located at 739 Riverfront Dr in Sheboygan, Wisconsin, within the downtown area and near the harbor environment.
Key Highlights
- Waterfront setting along the Sheboygan River
- Commercial kitchen designed to support culinary operations and special events
- Expansive deck extending gathering space toward the river
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,832
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,640
$1.1M
Cap Rate 7%
$769,029
$769.0K
Cap Rate 9%
$598,133
$598.1K
Market Conditions
NOI Build-Up for 4,094 SF
Gross rent
$73.7K $18.00/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$71.8K $17.53/SF
− OpEx
−$17.9K −$4.38/SF
NOI
$53.8K $13.15/SF
Area
Sheboygan County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,640
Cap Rate 7%
$769,029
Cap Rate 9%
$598,133
Alternative Uses
Best Use
Specialty Retail
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 8.17%
Second Best
Industrial
$366.6K
$320.8K – $427.7K
NOI $25,663 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$892.2K
$780.7K – $1.04M
NOI $62,457 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 29%
Hotels & Casinos 15%
U.S. Bank
Shops & Services
2,851 visits/mo
0.4 miles
Jimmy John's
Dining
1,940 visits/mo
0.3 miles
Wingate
Hotels & Casinos
1,003 visits/mo
0.3 miles
Marine Credit Union
Shops & Services
828 visits/mo
0.5 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Riverfront restaurant property with a commercial kitchen, event-ready gathering areas, and a second-story open floor plan.
Where is this conventional restaurant located?
The property is located at 739 Riverfront Dr Sheboygan, WI.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Waterfront setting along the Sheboygan River; Commercial kitchen designed to support culinary operations and special events; Expansive deck extending gathering space toward the river
