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1407 N 8th St

1,148 - 1,208 SF Office Condo Units Offered at $250,000 Per Unit in Sheboygan, WI 53081

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Property Facts

Price	$250,000	Floors	2
Unit Size	1,148 - 1,208 SF	Typical Floor Size	6,136 SF
No. Units	2	Year Built	1974
Total Building Size	12,272 SF	Lot Size	0.63 AC
Property Type	Office	Parking Ratio	3.99/1,000 SF
Property Subtype	Medical	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$250,000
Unit Size	1,148 - 1,208 SF
No. Units	2
Total Building Size	12,272 SF
Property Type	Office
Property Subtype	Medical
Building Class	C
Floors	2
Typical Floor Size	6,136 SF
Year Built	1974
Lot Size	0.63 AC
Parking Ratio	3.99/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

2 Units Available

Unit 5 (Ste 203

Unit Size	1,208 SF	Cap Rate	6.73%
Price	$250,000	NOI	$16,829.48
Price Per SF	$206.95	No. Parking Spaces	20
Condo Use	Office	APN/Parcel ID	59281100145
Sale Type	Investment or Owner User

Unit Size	1,208 SF
Price	$250,000
Price Per SF	$206.95
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	6.73%
NOI	$16,829.48
No. Parking Spaces	20
APN/Parcel ID	59281100145

Description

Attn. Investors! Only a seller relocation makes this one available. Long-term tenants with leases in place (who want to stay). Units 5 and 6 are to be sold together as a package. Modern and updated offices with solid tenants. Convenient location close to downtown with a large parking lot. These turnkey units are rented and ready for their new owner—no work is required.

Sale Notes

Total Monthly expense for both units - $1218.40 2023
Property Tax for both units - $2996.72
2023 Commercial property insurance for both units - $935
Unit 5 (203)
Unit 5 (203): Rented to Great Lakes Clinic; It is 14.95% of the entire building Unit 5 (203): Current Rent - $1805.50 per month
Unit 5 (203): Current lease is till 07/30/2027 but is expected to extend 3 more years recurring.
Unit 5 (203) shows weekday business hours only
Unit 6 (204)
Unit 6 (204): Rented to WI Advisors, It is 10.17 % of the entire building
Unit 6 (204): Current Rent - $1143 per month
Unit 6 (204): Current lease is until 12/31/2026, but it is expected to be extended for 3 more years recurring.
Unit 6 (204) shows on weekends only.