North Town | Town of Sheboygan
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Location: Northeast of State Highway 42 and N. 40th St. (Dairyland Dr.) in Town of Sheboygan, Sheboygan County | Google Map
Listing Sheet: Download here
Summary: Seeking retail, commercial and office for a new master-planned mixed-use community located in the Town of Sheboygan. A range of leasing opportunities is available, encompassing retail, office, commercial, and recreational spaces spanning from 1,000 to 120,000 square feet. The development features a central 3+ acre green town square, surrounded by four-story mixed-use buildings.
The community plan includes the provision of over 600 housing units, comprising townhouses, pocket homes, and apartments. Van Horn Real Estate, the local developer, is dedicated to upholding stringent design criteria and architectural guidelines, ensuring the creation of a high-caliber community. The development plan remains adaptable, welcoming modifications to cater to the specific needs of tenants. Custom build-to-suit options are actively encouraged.
Lease rates will vary between $18 and $21 per SF Gross + Utilities for white box mix-use retail and retail pad sites between $30 and $40/SF NNN. Office and mid-box sites are also available with pricing for office around $25-$30/SF NNN. The first phase of construction commenced in 2023, with the first available spaces anticipated in October 2024. Inquiries are warmly welcomed.
Quality Development: Local developer committed to adhering to design criteria and architectural guidelines to forge a high caliber community focusing on market and market plus customers.
Current Development Plan (Site concept plan):
Development plan is fluid as modifications are welcomed to suit tenants’ needs
Over 300,000 SF of additional retail, office and commercial space
Some space will have I-43 visibility
3.3 acre new green town square
Encompassed by several four story mixed-use buildings
Up to 70,000 SF of retail facing town square
Several retail pad sites and mid-box pad
Several larger office / commercial sites
620 housing units
5 | 4 to 5-story mixed-use buildings
retail / commercial on 1st floor near town square
84+ apartment units
underground parking
1 | 40-unit apartment
80 | townhomes
80 | pocket homes
Recreational amenities for residents
Parking: 1,605 planned parking spaces in mixed-use area
1058 surface parking (for commercial tenants)
547 interior parking (parking garages)
Development Progress (January 2024): Several phase in construction (See map here)
What is currently under construction?
90-unit Home 2 Suits Hotel (Spring 2024 opening)
2 mixed-use buildings (Fall 2024 opening)
170 apartments
~15,000 SF retail space around new Town Square (1,000 SF Divisible)
70'‘ deep
Entryways to parking lot & to Town Square
2024 construction start
~70 condo / town home units
Assisted living facility
3.3 Acre town park is under planning/engineering
Zoning: Planned Unit Development (PUD)
Traffic Counts
Interstate 43 | 33,000 AADT
State Highway 42 | 11,600 AADT
N. 40th St | 5,800 AADT
Road to be expanded to 3 lane + traffic control into the development in 2023.
Primary Retail Trade Area Map (Placier.ai, 2024)
Primary Retail Trade Market (See fact sheet & Trade Area Demographic Trends)
Last 12 Month Visits: 1.1 Million
Population: 113,280 (4% growth in 3 years)
Median Age: 38
Household Average Income: $67,126 (9% growth in 3 years)
Known Retail Gap Opportunities in Primary Market
*Data from Placer.AI (more available upon request)
Nearby Amenities:
Retailers: Walmart, Menards, American Freight Furniture & Mattress, Miesfeld’s Meat Market, Wigwam Socks Outlet Store, Kwik Trip
Restaurants: Texas Roadhouse, Culver’s, Hardee’s, Shuff’s Last Resort, Harry’s Diner, Olive Garden
Schools/Daycare: Lincoln-Erdman Elementary, Lake Country Academy, Big Steps Little Feed Child Care
Amenities: Town of Sheboygan Senior Center, Maywood/Evergreen Parks, Whistling Straits Golf Course
Pricing:
Whitebox, new construction in 4-story mixed use buildings
Inline retail between $15/SF and $20/SF NNN (in 4-story buildings)
~60’ deep
11’ clear ceilings
Build to suit retain buildings along N. 40th.
Retail/office spaces starting from $35/SF to $40/SF NNN
Ground-leases between $0.58/SF to $1.15/SF
Developer: Van Horn Real Estate
Municipality: Town of Sheboygan
Media Coverage
Town of Sheboygan development features Van Horn North Town, Olive Garden - September 2023
New Senior Community Development in Town of Sheboygan Announced, WHBL - August 2023
Progress update on North Town - December 2022
Groundbreaking held for 99-acre North Town development in Town of Sheboygan, Sheboygan Sun - June 2022
Town of Sheboygan approves $60M Van Horn mixed-use development near I-43, State 42, Sheboygan Press - October 2021
Commercial Leasing Agents with NAI Pfefferle:
Dane Checolinski | 920-344-8732
Teresa Knuth | 920-427-9473