Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1202 31St St Sheboygan, WI 53081

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,000 SF Professional Office, $70/SF

    Property size:
    5,000 SF

    Property Features for 1202 31St St

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    5,000 SF
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1900
    Units
    1

    We can help!

    Listing Contact
    Joe Eldredge
    Joe Eldredge

    Listing Agency: Colliers - Milwaukee, Wisconsin Listing Agent: Joe Eldredge

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional owner-user opportunity presents a 5,000 square foot professional services office building situated on a 0.47-acre lot in Sheboygan, Wisconsin. Located at 1202 N 31st St, zip code 53081, this single-unit building offers a unique blend of historical charm and modern functionality. Constructed in 1900, the building boasts substantial space ideal for a variety of professional services businesses. The asking price is $350,000, translating to an attractive price per square foot of $70. This represents a compelling investment for businesses seeking a prominent location in Sheboygan, allowing for both ownership and occupancy. The property's substantial size and prime location within Sheboygan County provide ample opportunity for growth and expansion. The address is easily accessible and benefits from excellent visibility. This is a rare chance to acquire a well-established building in a thriving Wisconsin community, offering a unique combination of historical character and modern practicality. The property is ready for immediate occupancy, presenting a turnkey solution for businesses seeking a move-in ready space. Serious inquiries are encouraged to explore this exceptional opportunity further.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lakeland Sports Medicine ... Physician Lutheran Social Services Social Service Agency Elevate--Sheboygan Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.7476339
    Latitude
    43.7575676

    Nearby Similar for Sale

    • $555,555
      6,280 SF

      Sheboygan CBRF Property with Potential

      15-bedroom CBRF property with conversion potential in Sheboygan, WI.
      920 N 26Th St, Sheboygan, WI 53081
      View Details
    • $395,000
      2,352 SF

      Sheboygan Office Building For Sale

      Two-story office building across from the Sheboygan Courthouse.
      614 N 6Th St, Sheboygan, WI 53081
      View Details
    • $650,000
      1,566 SF

      Sheboygan Gas Station For Sale

      Gas station and convenience store in central Sheboygan, Wisconsin.
      2420 Calumet Dr, Sheboygan, WI 53083
      View Details
    • $3,400,000
      7,634 SF

      Sheboygan Gas Station and Restaurant

      Centrally located gas station, convenience store, and restaurant for sale.
      1441 N 26Th St, Sheboygan, WI 53081
      View Details
    • $360,000
      0.48 Acres

      Sheboygan Four-Plex Investment Property

      Four-unit apartment building in Sheboygan, Wisconsin, offering stable income.
      2612 Erie Ave, Sheboygan, WI 53081
      View Details
    • New
      $265,000
      0.13 Acres

      Renovated Turnkey Sheboygan Duplex

      Thoroughly renovated duplex, ideal for investors or owner-occupiers.
      1808 S 13Th St, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      12,295 SF

      Downtown Sheboygan Office Space Available

      Prime downtown location with modern offices and classic architectural details.
      701 N 8Th St, Sheboygan, WI 53081
      View Details
    • $299,900
      0.17 Acres

      Sheboygan Duplex: Investor or Owner

      Refreshed 3/3 duplex in Sheboygan near amenities and transit.
      2002 S 14Th St, Sheboygan, WI 53081
      View Details
    • $250,000

      Mixed-Use Property in High-Traffic Corridor

      Income-generating property with commercial space and residential unit in Sheboygan.
      1733-1735 Calumet Dr, Sheboygan, WI 53081
      View Details
    • $140,000
      1,700 SF

      Sheboygan Duplex with Rental History

      Two-unit property with consistent rental income in Sheboygan, Wisconsin.
      1217 Alabama Ave, Sheboygan, WI 53081
      View Details
    • Contact for pricing

      Class A Distribution Facility

      Bulk distribution facility with expansion potential near I-43.
      4036 Weeden Creek Rd, Sheboygan, WI 53081
      View Details
    • $3,299,000
      61,204 SF

      Expandable Warehouse with Large Parking

      61,204 SF warehouse with expansion and multi-tenant potential.
      1536 N 18Th St, Sheboygan, WI 53081
      View Details

    FAQs

    What type of property is this?
    Office property - 5,000 SF Professional Office, $70/SF
    Where is this office property located?
    The property is located at 1202 31St St Sheboygan, WI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for this owner-user opportunity.; 5,000 square foot office building.; $70 per square foot.
    (414) 278-6825 Call to check price and availability
    Request Owner's contact information
    1202 31St St Sheboygan, WI 53081
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1202 31St St
    Sheboygan, WI 53081
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1202 31St St Sheboygan, WI 53081
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Eldredge
    Joe Eldredge
    Real Estate License ID: 4833790
    (414) 278-6825 (262) 443-8839
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!