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Investment Highlights

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

Executive Summary

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.

Property Facts

Price $700,000
Price Per Bed $116,667
Sale Type Investment
Property Type Health Care
Property Subtype
Skilled Nursing Facility
  • General Retail Storefront Retail/Office
  • Industrial Service
  • Office Office Residential
Building Class C
Lot Size 0.21 AC
Building Size 7,122 SF
No. Beds 6
No. Stories 2
Year Built 1940
Parking Ratio 2.53/1,000 SF
Opportunity Zone Yes
Zoning BA7 - Commercial mixed-use/residential
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
59281102760
Land Assessment
$52,200
Improvements Assessment
$225,000
Total Assessment
$277,200
  • Listing ID: 40126349

  • Date on Market: 4/12/2026

  • Last Updated:

  • Address: 831 Michigan Ave, Sheboygan, WI 53081

Contact the Sale Advisor

831 Michigan Ave

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