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Property profile & analytics
OFF-MARKET
Bars & Pubs

827 Pennsylvania Ave Sheboygan, WI 53081-4423

2,941 SF 0.04 ac lot Built 1880
Entity Owned Absentee Owner Free & Clear
Property ID
US92-0240224
Property summary
AI-generated overview

This exceptional commercial property at 827 Pennsylvania Avenue in Sheboygan, Wisconsin presents a unique investment opportunity. The 1,266 square foot building sits on a 0.04-acre lot and is currently operating as a well-established bar with a loyal customer base and strong community reputation. The sale includes the real estate, the existing business, and an upper apartment, providing multiple income streams. The bar benefits from a prime downtown location, surrounded by office buildings and retail shops, ensuring high foot traffic and excellent visibility. Large street-facing windows and prominent signage maximize brand exposure. Convenient customer parking is available both on the street and in nearby public lots. The sale also includes a transferable liquor license, a significant asset for any prospective buyer. The upper apartment offers additional rental income potential, further enhancing the return on investment. Specific inclusions are negotiable, providing flexibility for the new owner. This turnkey operation is ideal for experienced bar owners seeking expansion or entrepreneurs looking to establish themselves in a thriving market. The strong foundation and established clientele provide a solid base for continued success and growth. The asking price is $349,900.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1880
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,941 SF
Lot 0.04 ac (1,873 SF)
Zoning code BA7
APN 59281108950
UPID US92-0240224
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
  • Penn Avenue Pub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
R & G HOLDINGS LLC
R & G HOLDINGS LLC
Zoning & alternative use
BA7 · Sheboygan, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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