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Property profile & analytics
OFF-MARKET Estimated value $1,400,000
Industrial land

816 Michigan Ave Sheboygan, WI 53081-3438

23,687 SF 0.4 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US92-0842367
Property summary
AI-generated overview

This exceptional 23,687-square-foot industrial warehouse in downtown Sheboygan, Wisconsin, presents a unique investment opportunity. Originally constructed as an ice cream factory, this two-story building boasts a rich history and substantial upgrades. The first floor, rebuilt with steel joists, is ideally suited for heavy industrial use, featuring two loading docks, one drive-in door, and ample power (1200 AMP 3-Phase 277V/480V). A significant portion of the building, approximately 4,400 square feet, is dedicated to cold storage, including freezer and cooler space, making it perfect for food processing or related businesses. The property sits on a 0.62-acre lot and includes 28 parking spaces. The second floor offers office space, previously configured as apartments. This property offers significant potential for redevelopment, catering to businesses requiring substantial power and cold storage capabilities. Its prime downtown location and existing infrastructure make it an attractive option for food and beverage companies seeking expansion or relocation. The property's APN is 59281102270 and 59281102190. This is a rare opportunity to acquire a well-equipped food processing facility in a desirable location.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Total area 23,687 SF
Lot 0.4 ac (17,250 SF)
Zoning code BA7
APN 59281102270
UPID US92-0842367
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
Current use
Occupant on record · Public records
  • High Road Craft Ice Cream Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.40M
Owner & transaction history
816 Michigan Avenue LLC
816 Michigan Avenue LLC
since 2026
4 recorded transactions
2026
Price N/A
2020
$521,000
2013
$272,000
1969
Price N/A
Zoning & alternative use
BA7 · Sheboygan, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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