2120 Calumet DrSheboygan, WI 53081

Property Details for 2120 Calumet Dr

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

3,262 SF

Zone code

BB2

Property type

Bars

Property subtype

Pubs

APN

59281611060

APU

59281611060

Description

This turnkey commercial property at 2120 Calumet Drive in Sheboygan, Wisconsin presents a fantastic investment opportunity. The 1,980 square foot building sits on a 0.18-acre lot and is currently operating as a successful bar and tavern. The property has undergone a complete renovation and update, making it move-in ready for a new owner. Included in the sale are all existing gaming machines (a detailed list is available upon request). A significant advantage is the inclusion of a private apartment located on the upper level. This space can generate additional rental income or serve as living quarters for the owner or manager. The property boasts an excellent location with an established customer base, ensuring a smooth transition for the new operator. Ample off-street parking is available, accommodating up to 13 vehicles, plus a private one-car garage. The roof is constructed with an EPDM membrane, providing reliable weather protection. The asking price for this exceptional turnkey business is $360,000. This is a rare opportunity to acquire a well-established and profitable business with significant upside potential. Don't miss out on this chance to own a thriving Sheboygan establishment.

• CAP approach

  CAP return

  Valuation

  6%

  $865,819

  6.5%

  $799,218

  7%

  $742,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,545

  Geo Method

  $1,070,686

• Alternative Use

  Use

  Valuation

  Residential

  $674,170

  Hospitality

  $617,536

  Educational

  $513,783

  Medical

  $531,453

  Retail

  $799,218

Location Insight

City

Sheboygan

County

Sheboygan

State

Wisconsin

Latitude

43.7674

Longitude

-87.7274

CBSA code

43100

CBSA name

SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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