Waterfront Conventional
For Sale
$659,000
739 Riverfront Dr, Sheboygan, WI 53081
N, Sheboygan, WI
Property Size4,094 SF
Price / SF$160.97
Days on Market92
Property Features for 739 Riverfront Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
59281109920
Size
4,094 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12120
Building Details
Year built
1990
Architectural style
Other
Listing Agency:
Century 21 Moves · Century 21 Real Estate
(920) 451-2345
Listed By:
Beth Gotwald · License #92166-94
(920) 912-0883
Added: Jul 17
Changed: Oct 1
Last Checked: Oct 16 at 7:06PM
MLS# 1972222
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
Built in 1990, this 4,094-square-foot conventional restaurant is positioned along the Sheboygan River with dining areas, a handcrafted bar, exposed beams, warm wood finishes, oversized windows, and an expansive deck. The commercial kitchen is configured to support culinary ventures and special events, while the interior provides broad gathering areas connected to the waterfront setting.
The second story offers soaring ceilings and an open floor plan. The space is identified for potential luxury events, offices, loft-style living, or storage. Located in downtown Sheboygan, the property combines restaurant infrastructure with flexible upper-level space and direct riverfront character.
The second story offers soaring ceilings and an open floor plan. The space is identified for potential luxury events, offices, loft-style living, or storage. Located in downtown Sheboygan, the property combines restaurant infrastructure with flexible upper-level space and direct riverfront character.
Key Highlights
- 4,094‑square‑foot conventional restaurant built in 1990
- Sheboygan River waterfront setting with expansive deck
- Commercial kitchen equipped to support culinary ventures and special events
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial kitchen, riverfront deck, and open gathering areas support dining and event use.
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: 4,094‑square‑foot conventional restaurant built in 1990; Sheboygan River waterfront setting with expansive deck; Commercial kitchen equipped to support culinary ventures and special events
