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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Commercial land

509 Superior Ave Sheboygan, WI 53081-2855

17,648 SF 0.86 ac lot Built 1895
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-3408721
Property summary
AI-generated overview

This exceptional commercial property, located at 509 Superior Avenue in Sheboygan, Wisconsin, offers two available suites totaling 5,457 square feet of traditional office space. Built in 1895, this building boasts a prime location on a high-traffic street, ensuring excellent visibility and accessibility for your business. The space features a large, open layout ideal for various business configurations, including a dedicated sales desk area. Ample off-street parking is provided for employees and clients. A partial basement offers valuable additional storage space. The property is zoned for Neighborhood Commercial use, providing flexibility for a range of businesses. This affordable suite presents a fantastic opportunity for an operator seeking a substantial, open space to establish or expand their operations. The new building owner is open to negotiating lease terms and potential building improvements for longer-term tenants. The property's APN is 59281100460. This is a single-tenant occupancy property in a historic building, offering a unique blend of character and modern convenience. The zip code is 53081.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1895
Total area 17,648 SF
Lot 0.86 ac (37,505 SF)
Zoning code BA5
APN 59281100460
UPID US92-3408721
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$951k
Blend (final) Blend
$1.07M
Owner & transaction history
Lee Realty & Devs LLC · 13 yrs held
Lee Realty & Devs LLC
since 2012
4 recorded transactions
2012
$579,000
2007
$600,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BA5 · Sheboygan, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +29.9%
Retail stores $1.4M +23.9%
Restaurant $1.3M +21.2%
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