1216 8Th StSheboygan, WI 53081

Property Details for 1216 8Th St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

6,222 SF

Zone code

BA7

Property type

Investment properties

Property subtype

Live-work space

APN

59281102850

APU

59281102850

Description

This exceptional turnkey business opportunity presents the chance to acquire the well-established Norman's Hi Lo Bakery, located at 1216 N 8th St, Sheboygan, WI 53081. The property boasts a total of 4,428 square feet and is offered at $639,000 ($144.31/sq ft). The sale includes all assets necessary for immediate operation, eliminating the need for extensive start-up costs. This includes two delivery vans, all baking equipment, established recipes (including the renowned Sheboygan Hard Roll), comprehensive customer lists, the established brand and business name, and even employee training. The property itself features a newly installed retail counter, a convenient two-car garage complete with a walk-in freezer, and a substantial 2,000+ square foot apartment on the second floor. This apartment offers three bedrooms, two bathrooms, and two living rooms, along with the added convenience of an in-unit washer and dryer. The bakery has experienced significant sales growth over the past two years, indicating a strong foundation for continued success and potential expansion. Detailed financial information is available upon execution of a non-disclosure agreement. This is a rare opportunity to acquire a thriving business with all the necessary components for immediate operation and future growth. APN: 59281102850 and 59281102830.

• CAP approach

  CAP return

  Valuation

  6%

  $1,123,456

  6.5%

  $1,037,036

  7%

  $962,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $631,677

  Geo Method

  $810,416

• Alternative Use

  Use

  Valuation

  Residential

  $1,285,925

  Hospitality

  $1,177,900

  Educational

  $979,999

  Medical

  $1,013,703

  Retail

  $1,524,443

Location Insight

City

Sheboygan

County

Sheboygan

State

Wisconsin

Latitude

43.7579

Longitude

-87.7133

CBSA code

43100

CBSA name

SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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