944 Center Ave, Oostburg, WI 53070

Building Details

Year Built 1910 More

Buildings 1 More

Stories 2 More

Listing Agency: NAI Pfefferle - Sheboygan

Listed By: Dane Checolinski · License #8440294 Show Phone

Source: Viewhomesinwisconsin

Added: Oct 22 Changed: Nov 6 Last Checked: Nov 6 at 2:51PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Built in 1910, this mixed-use property combines a restaurant-oriented ground floor with a three-bedroom apartment upstairs. The main level is arranged to seat more than 150 guests and includes a commercial kitchen exceeding 1,000 SF. A full basement provides office space, adding another functional area to the building.

The property occupies 0.64 acres and includes 38 parking stalls. It fronts Center Avenue at the entrance to the Village Exchange shopping center in Oostburg, Wisconsin.

Key Highlights

• Restaurant‑configured main floor with seating for more than 150 guests
• Commercial kitchen measuring 1,000+ SF
• Three‑bedroom apartment on the second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,709

Cap Rate

8.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,034,180 $1.0M

Cap Rate 7%

$738,700 $738.7K

Cap Rate 9%

$574,544 $574.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,494 SF

Gross rent

$89.9K $12.00/SF

− Vacancy

−$7.2K −$0.96/SF

EGI

$82.7K $11.04/SF

− OpEx

−$31.0K −$4.14/SF

NOI

$51.7K $6.90/SF

Area

Sheboygan County, WI

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,034,180

Cap Rate 7%

$738,700

Cap Rate 9%

$574,544

Alternative Uses

Best Use

Specialty Retail

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,539 @ 7.0% cap · market cap 15.67%

Second Best

Mixed Use

$738.7K

$646.4K – $861.8K (±1% cap)

NOI $51,709 @ 7.0% cap · market cap 8.22%

Theoretical Best

Office A

$1.63M

$1.43M – $1.91M (±1% cap)

NOI $114,327 @ 7.0% cap · market cap 18.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Pizza Ranch Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Auto Parts Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

16k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 44% Shops & Services 27% Dining 21% Home Improvements & Furnishings 8%

Piggly Wiggly Groceries

6,840 visits/mo 0.1 miles

Pizza Ranch Dining

3,339 visits/mo 0.0 miles

Shell Shops & Services

2,786 visits/mo 0.1 miles

Minit Mart Shops & Services

1,431 visits/mo 0.1 miles

Daane Ace Hardware Home Improvements & Furnishings

1,268 visits/mo 0.0 miles

Demographics for 53070, WI

4,893

Population

2,211

Households

2.2

Avg Household Size

44

Median Age

31%

College-Educated

93%

High-School Grad

29.5 sq mi

ZIP Area

166

Density / Sq Mi

$95,714

Median Household Income

$51,084

Median Earnings

$842

Median Rent

$264,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A second-floor three-bedroom apartment accompanies a restaurant-configured main level with a commercial kitchen.

Where is this mixed-use property located?

The property is located at 944 Center Ave Oostburg, WI.

What is the asking price?

The asking price for this property is $629,000.

What are key features of this property?

This property features: Restaurant‑configured main floor with seating for more than 150 guests; Commercial kitchen measuring 1,000+ SF; Three‑bedroom apartment on the second floor