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    816 Michigan Ave Sheboygan, WI 53081

    Sponsored
    For Lease
    $28 SF/Yr

    Food processing plant, 23,687 SF

    Lot size:
    23,687 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 23,687-square-foot industrial warehouse in downtown Sheboygan, Wisconsin, presents a unique investment opportunity. Originally constructed as an ice cream factory, this two-story building boasts a rich history and substantial upgrades. The first floor, rebuilt with steel joists, is ideally suited for heavy industrial use, featuring two loading docks, one drive-in door, and ample power (1200 AMP 3-Phase 277V/480V). A significant portion of the building, approximately 4,400 square feet, is dedicated to cold storage, including freezer and cooler space, making it perfect for food processing or related businesses. The property sits on a 0.62-acre lot and includes 28 parking spaces. The second floor offers office space, previously configured as apartments. This property offers significant potential for redevelopment, catering to businesses requiring substantial power and cold storage capabilities. Its prime downtown location and existing infrastructure make it an attractive option for food and beverage companies seeking expansion or relocation. The property's APN is 59281102270 and 59281102190. This is a rare opportunity to acquire a well-equipped food processing facility in a desirable location.

    Property Features for 816 Michigan Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,687 SF
    Total Rate
    57085.67

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    18,604 SF
    Rate per SF
    $28

    HighLights

    • 23,687 SF industrial warehouse in downtown Sheboygan, WI.
    • First floor rebuilt with steel joists, ideal for heavy industrial use.
    • 1200 AMP, 3‑phase, 277V/480V power.
    • 4,400 SF of freezer and cooler space.
    • Redevelopment opportunities welcome.
    Property Profile Location Intelligence

    Current Use by Public Records

    High Road Craft ... Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.7137227
    Latitude
    43.7587427

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    FAQs

    What type of property is this?
    Distribution property - Food processing plant, 23,687 SF
    Where is this distribution property located?
    The property is located at 816 Michigan Ave Sheboygan, WI.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 23,687 SF industrial warehouse in downtown Sheboygan, WI.; First floor rebuilt with steel joists, ideal for heavy industrial use.; 1200 AMP, 3-phase, 277V/480V power.
    Request Owner's contact information
    816 Michigan Ave Sheboygan, WI 53081
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    Sheboygan, WI 53081
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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
    816 Michigan Ave Sheboygan, WI 53081
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