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    Property profile & analytics

    502 S Main St Cedar Grove, WI 53013

    • Commercial real estate
    • 0.11 lot acres
    For Sale
    View listing
    $225,000
    Value Estimation
    Location Intelligence
    Property ID
    US92-0050838
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cedar Grove Hardware Hank / Hardware Store

    Property Details for 502 S Main St

    Lot size
    0.11 lot acres
    Property type
    Commercial real estate
    APN
    59112550810
    APU
    59112550810

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $305,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $240,000
      Mixed-Use
      $255,000
      Hospitality
      $290,000
      Educational
      $265,000
      Residential Income
      $325,000
      Energy
      $240,000
      Income-Based Land
      $330,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.82
    Latitude
    43.5665
    CBSA code
    43100
    CBSA name
    SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,329
    $9,900
    $128,200
    $138,100
    -
    $14,373
    $186,127
    $200,500

    Comparable in this City

    • Value Estimation by Request

      Commerce St

      COMMERCIAL (GENERAL)
      Commerce St, Cedar Grove, WI 53013
      View Details
    • Value Estimation by Request

      Commerce St

      COMMERCIAL (GENERAL)
      Commerce St, Cedar Grove, WI 53013
      View Details
    • Value Estimation by Request

      Commerce St

      COMMERCIAL (GENERAL)
      Commerce St, Cedar Grove, WI 53013
      View Details
    • Value Estimation by Request
      7.50 Acres

      772nd Sauk Trl Rd

      COMMERCIAL (GENERAL) • 7.50 Acres
      772nd Sauk Trl Rd, Cedar Grove, WI 53013
      View Details
    • Value Estimation by Request
      1.44 Acres

      168 Wisconsin Ave, Unit 1

      COMMERCIAL (GENERAL) • 1.44 Acres
      168 Wisconsin Ave, Cedar Grove, WI 53013-1690
      View Details
    • Value Estimation
      $285,000
      1.85 Acres

      250 Commerce St

      COMMERCIAL (GENERAL) • 1.85 Acres
      250 Commerce St, Cedar Grove, WI 53013
      View Details

    Similar Nearby for Sale

    • $245,000

      Cedar Grove Commercial Property

      Prime Location, Income Potential, Established Business
      502 Main St, Cedar Grove, WI 53013
      View Details
    • $225,000
      4,950 SF

      Cedar Grove Retail Opportunity

      Retail space with apartment near I-43 and Lake Michigan.
      502 S Main St, Cedar Grove, WI 53013
      View Details
    • $499,900
      2,744 SF

      Cedar Grove Commercial Multi-Use Building

      2744 sq ft commercial building in the center of Cedar Grove.
      115 S Main St, Cedar Grove, WI 53013
      View Details
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    502 S 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
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