Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3422 Wilgus Ave Sheboygan, WI 53081

    For Sale
    $1,100,384

    Prime WI Office, 8,200 SF, 7.42% Cap Rate

    Property size:
    8,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 8,200 square foot Class B office building located at 3422 Wilgus Ave, Sheboygan, Wisconsin 53081. The property, built in 1994 or later, sits on a 1.44-acre lot and features two buildings with a single story and 64 parking spaces. Currently boasting 100% occupancy with a gross lease structure, the property generates a substantial net operating income (NOI) of $107,416, resulting in a compelling 7.42% capitalization rate. The asking price is $1,100,384, translating to $134.19 per square foot. Tenancy is primarily comprised of various State of Wisconsin agencies, along with a few non-state tenants. Leases are predominantly structured as 5-year terms with options, and many include escalator clauses. The property is zoned BB5 and its APN is 59281215826. This offering is well-suited for 1031 exchange investors. The average cap rate for leases with remaining terms over 36 months is 8.1%, while the average cap rate for leases with remaining terms under 36 months is 8.25%. Professional property management is available if desired.

    Property Features for 3422 Wilgus Ave

    General Information

    Property type
    Government properties
    Square Feet
    8,200 SF
    Class
    B
    Lot Size
    62,726 SF

    Building Details

    Year Built
    1994
    Buildings
    22
    Stories
    1

    HighLights

    • Excellent investment opportunity: 8,200 SF Class B office building in Sheboygan, WI, on a 1.44‑acre lot.
    • Gross leases with 5‑year terms and options; many include escalator clauses.
    • Property management services available.
    • Tenants include various Wisconsin state agencies and several non‑state tenants.
    • 1031 exchange eligible.
    • Average cap rate: 8.1% (leases > 36 months); 8.25% (leases < 36 months).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Probation & Parole Division Probation Office Division-Community Corrections Prison

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.7531907
    Latitude
    43.7594895

    Nearby Similar for Sale

    • $189,900
      0.07 Acres

      Sheboygan Duplex in North Railway

      Centrally located duplex with month-to-month tenants, ideal for investors.
      1325-1327 N 15Th St, Sheboygan, WI 53081
      View Details
    • $429,900
      2,352 SF

      Sheboygan Office Building For Sale

      Two-story office building with parking in ideal Sheboygan location.
      614 N 6Th St, Sheboygan, WI 53081
      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
    • $189,900
      0.08 Acres

      Sheboygan Duplex: Income Opportunity

      Charming Sheboygan duplex near shops, parks, and schools.
      1411 Marie Ct, 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
    • $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

    FAQs

    What type of property is this?
    Government property - Prime WI Office, 8,200 SF, 7.42% Cap Rate
    Where is this government property located?
    The property is located at 3422 Wilgus Ave Sheboygan, WI.
    What is the asking price?
    The asking price for this property is $1,100,384.
    What are key features of this property?
    This property features: Excellent investment opportunity: 8,200 SF Class B office building in Sheboygan, WI, on a 1.44-acre lot.; Gross leases with 5-year terms and options; many include escalator clauses.; Property management services available.
    Request Owner's contact information
    3422 Wilgus Ave 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.
    3422 Wilgus Ave
    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 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
    3422 Wilgus Ave 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.