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    502 Main St Cedar Grove, WI 53013

    Sponsored
    For Sale
    $245,000

    Prime Location, Income Potential, Established Business

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 502 S Main St, Cedar Grove, WI 53013, presents a unique investment opportunity. Priced at $245,000, the property encompasses a well-established hardware store and flooring/carpet business, offering immediate income potential. The existing business provides a turnkey operation, complete with inventory (books provided with an accepted offer and proof of financing). Adding to the revenue stream is a spacious three-bedroom, one-bathroom apartment featuring a large kitchen, living room, and laundry room. This apartment provides additional rental income. The property boasts a recently updated roof (2024) and newer gutters, ensuring low maintenance costs. A three-car garage offers ample storage space. While the apartment currently utilizes a window air conditioning unit, the property is conveniently located near I-43, Lake Michigan, and downtown Cedar Grove, providing excellent accessibility and visibility. This versatile property is ideal for an entrepreneur seeking an established business with immediate income generation and significant growth potential. The land itself presents further development possibilities, making this a truly unique investment opportunity in a desirable Wisconsin location.

    Property Features for 502 Main St

    General Information

    Property type
    Land

    HighLights

    • $245,000 asking price for a commercial property at 502 S Main St, Cedar Grove, WI 53013.
    • Includes an established hardware and flooring/carpet business with immediate income potential; inventory included with accepted offer and proof of financing.
    • Features a three‑bedroom, one‑bathroom apartment generating additional rental income.
    • Recently updated roof (2024) and newer gutters.
    • Includes a three‑car garage.
    • Convenient location near I‑43, Lake Michigan, and downtown Cedar Grove.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cedar Grove Hardware ... Hardware Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.8199315
    Latitude
    43.5665551

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Location, Income Potential, Established Business
    Where is this land located?
    The property is located at 502 Main St Cedar Grove, WI.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: $245,000 asking price for a commercial property at 502 S Main St, Cedar Grove, WI 53013.; Includes an established hardware and flooring/carpet business with immediate income potential; inventory included with accepted offer and proof of financing.; Features a three-bedroom, one-bathroom apartment generating additional rental income.
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    502 Main St Cedar Grove, WI 53013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 Main St Cedar Grove, WI 53013
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