831 Michigan Ave - Health Care FOR SALE


Sheboygan, WI 53081- Gateway
$700,000 USD
920-547-2122
831 Michigan Ave, Sheboygan, WI for Sale
$700,000 USD
Health Care - FOR SALE
1/36
null | Request Cap Rate

831 Michigan Ave
Sheboygan, WI 53081
Gateway


HIGHLIGHTS

  • Two-story, 7,122-square-foot property featuring a full basement and flexible layout suited for retail, office, or service-oriented commercial users.
  • Positioned within a vibrant downtown corridor supported by restaurants, retail, and cultural amenities, driving consistent pedestrian activity.
  • Opportunity to acquire a true income-producing asset in one of Downtown Sheboygan's most active and rapidly growing commercial corridors.
  • Upper level features two spacious apartments, each approximately 1,000 square feet, offering strong rental demand and consistent residential income.

OVERVIEW

Located in Downtown Sheboygan within the Harbor Centre Business District, this exceptional mixed-use property at 831 Michigan Avenue offers a rare opportunity to own a true income-producing asset. 831 Michigan Avenue is a two-story, 7,122-square-foot property that offers a full basement, a main level with two established commercial spaces, highlighted by a beautiful open-concept suite ideal for a spa, salon, or wellness concept, as well as a professional insurance agency office. Additionally, upstairs there are two spacious residential apartments, each approximately 1,000 square feet, offering comfortable layouts and strong rental appeal in a highly sought-after location. Situated on the corner of Michigan Avenue and North 9th Street, the property benefits from high visibility, with traffic counts exceeding 2,060 vehicles per day (VPD) along Michigan Avenue and 4,420 VPD along North 9th Street. Positioned within a vibrant downtown corridor supported by thriving local businesses, including nearby restaurants such as Bamboo Breeze Bar and Lounge and Downtown 925, along with entertainment venues such as the John Michael Kohler Arts Center, the property benefits from consistent organic traffic generated by neighboring tenants. Don't miss this opportunity to secure a rare, true income-producing asset with long-term appreciation potential, in one of downtown's most vibrant and rapidly growing areas.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Storefront Retail/Office, Service, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,082 SF

ZONING

BA7

APN/PARCEL ID

59281102760

ASK ABOUT THIS PROPERTY

Nolan AppletonSeidl & Associates a div of Shorewest, RealtorsMore Info
920-547-2122

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Nolan AppletonSeidl & Associates a div of Shorewest, RealtorsMore Info
920-547-2122

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.