502 Main StCedar Grove, WI 53013

Property Details for 502 Main St

Lot size

0.11 AC

Property type

Commercial real estate

APN

59112550810

APU

59112550810

Description

This exceptional commercial property at 502 S Main St, Cedar Grove, WI 53013, presents a unique investment opportunity. Priced at $245,000, the property encompasses a well-established hardware store and flooring/carpet business, offering immediate income potential. The existing business provides a turnkey operation, complete with inventory (books provided with an accepted offer and proof of financing). Adding to the revenue stream is a spacious three-bedroom, one-bathroom apartment featuring a large kitchen, living room, and laundry room. This apartment provides additional rental income. The property boasts a recently updated roof (2024) and newer gutters, ensuring low maintenance costs. A three-car garage offers ample storage space. While the apartment currently utilizes a window air conditioning unit, the property is conveniently located near I-43, Lake Michigan, and downtown Cedar Grove, providing excellent accessibility and visibility. This versatile property is ideal for an entrepreneur seeking an established business with immediate income generation and significant growth potential. The land itself presents further development possibilities, making this a truly unique investment opportunity in a desirable Wisconsin location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,026,343

  Hospitality

  $940,124

  Educational

  $782,172

  Medical

  $809,072

  Retail

  $1,216,712

Location Insight

City

Cedar Grove

County

Sheboygan

State

Wisconsin

Latitude

43.5665

Longitude

-87.82

CBSA code

43100

CBSA name

SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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