923 Michigan AveSheboygan, WI 53081

  • Commercial land
  • 680 SF
For Sale
$275,000 View listing

Property Details for 923 Michigan Ave

Year built
1921
Lot size
0.10 AC
Property size (Sq ft)
680 SF
Zone code
BA7
Property type
Commercial land
APN
59281102580
APU
59281102580

Description

This exceptional investment opportunity presents two buildings totaling 2,475 square feet on a 0.1-acre lot in Sheboygan, Wisconsin. The property, located at 923 Michigan Avenue, consists of a mixed-use commercial space and a fully remodeled single-family home, both situated on two stories. The commercial building features a 726 square foot retail storefront on the main floor and a 726 square foot, two-bedroom apartment above, perfect for rental income or use as an Airbnb. The second building is a completely renovated single-family home, offering additional income potential. Currently, a month-to-month tenant occupies the commercial space, providing immediate cash flow. The property is zoned Commercial/Industrial and boasts a convenient location on Michigan Avenue, adjacent to Trilling Hardware. Built in 1921, this property offers a unique blend of historical charm and modern updates, making it an ideal investment for both seasoned investors and owner-occupiers seeking a flexible and income-generating asset. The asking price is $275,000. The property includes three units and has two buildings. The parcel number is 59281102580.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $140,538
    Hospitality
    $128,732
    Educational
    $107,104
    Medical
    $110,787
    Retail
    $166,606
923 Michigan Ave, Sheboygan, Wisconsin

Location Insight

City
Sheboygan
County
Sheboygan
State
Wisconsin
Latitude
43.7582
Longitude
-87.7156
CBSA code
43100
CBSA name
SHEBOYGAN, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,293
$26,100
$104,700
$130,800
-
$26,818
$107,582
$134,400

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