925 N 8th St - Rupps Downtown
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925 N 8th St - Rupps Downtown
8,972 SF Speciality Building Offered at £665,004 at a 6.80% Net Initial Yield in Sheboygan, WI 53081
Executive Summary
Step into the legacy of Rupp's Restaurant, an icon gracing Sheboygan, WI since 1939. Once a cigar shop and pool hall, now a culinary masterpiece. Crafted as 1 of 3 of the finest Tide Houses by the esteemed Miller Brewing Company, its walls resonate with the echoes of history, adorned with exquisite hammer and chisel woodworking. Behold the heart of this culinary gem: an open galley kitchen, then ascend to the upper mezzanine, a sanctuary overlooking the grand entrance below. With seating for 160 guests, an intimate bar, with its 13 seats, invites patrons to enjoy an Old Fashioned. Nestled amidst the Downtown Sheboygan Area, and within strolling distance of the Stephanie Weill Center. Between the vibrant city of Milwaukee and Green Bay, yet mere blocks from Lake Michigan.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£934,580
|
£104.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£539,704
|
£60.15
|
| Net Operating Income |
£394,877
|
£44.01
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £934,580 |
| Annual Per SF | £104.17 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £539,704 |
| Annual Per SF | £60.15 |
| Net Operating Income | |
|---|---|
| Annual | £394,877 |
| Annual Per SF | £44.01 |
Property Facts
| Price | £665,004 | Building Class | B |
| Price Per SF | £74 | Lot Size | 0.11 AC |
| Sale Type | Investment or Owner User | Building Size | 8,972 SF |
| Net Initial Yield | 6.80% | Number of Floors | 2 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1876/1980 |
| Property Type | Speciality | Opportunity Zone |
Yes
|
| Price | £665,004 |
| Price Per SF | £74 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6.80% |
| Sale Conditions | Business Value Included |
| Property Type | Speciality |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 8,972 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1876/1980 |
| Opportunity Zone |
Yes |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 59281106070 | Improvements Assessment | £299,444 (2023) |
| Land Assessment | £26,290 (2023) | Total Assessment | £325,734 (2023) |
PROPERTY TAXES
Parcel Number
59281106070
Land Assessment
£26,290 (2023)
Improvements Assessment
£299,444 (2023)
Total Assessment
£325,734 (2023)
zoning
| Zoning Code | Com (Commercial) |
| Com (Commercial) |
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925 N 8th St - Rupps Downtown
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