Technical
Financial
Distress signals
Property profile

611 Ctr Ave Sheboygan, WI 53081

OFF-MARKET
Banks
Property ID
US92-0243914
936 SF 0.69 ac lot Built 1981
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 611 Center Ave in Sheboygan, Wisconsin, presents a unique investment opportunity. The 936 square foot building, constructed in 1981, sits on a sizable 0.69-acre lot and is zoned for Central Commercial District use. Its versatile nature allows for a variety of uses, making it ideal for redevelopment or continued use as a retail or industrial space. The property boasts 28 parking spaces, a significant advantage in a busy downtown area. Its prominent location on a hard corner within Sheboygan's central business district offers excellent visibility and accessibility. The asking price is $275,000. The property's single-story design and ample parking make it a highly attractive option for businesses seeking a convenient and well-situated location. The property's APN is 59281110690. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Wisconsin city. The property's size and location make it suitable for a variety of commercial ventures, including potential redevelopment to capitalize on the high demand for commercial space in the area. Consider the potential for utilizing the property as a parking lot for nearby businesses, given its ample parking capacity and central location.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction STEEL FRAME
Total area 936 SF
Lot 0.69 ac (30,000 SF)
Zoning code BA7
APN 59281110690
UPID US92-0243914

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bank Loan Service

Location

611 Ctr Ave Sheboygan, WI 53081
Sheboygan metro Census 11400 SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

BA7 · Sheboygan, WI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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