827 Pennsylvania Ave Sheboygan, WI 53081-4423
- Bars
- 2,941 SF
- 0.04 lot acres
Current Use by Public Records
- Penn Avenue Pub / Bar
Property Details for 827 Pennsylvania Ave
- Year built
- 1880
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.04 lot acres
- Property size
- 2,941 SF
- Zone code
- BA7
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 59281108950
- APU
- 59281108950
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $250,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $260,000
- Mixed-Use
- $235,000
- Hospitality
- $265,000
- Educational
- $285,000
- Residential Income
- $260,000
- Energy
- $260,000
- Income-Based Land
- $275,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Sheboygan
- County
- Sheboygan
- State
- Wisconsin
- Longitude
- -87.7141
- Latitude
- 43.7496
- CBSA code
- 43100
- CBSA name
- SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA
