| CREOP

At 95% of the lots occupied, Cherry Estates is a great turn key investment. The roads have been paved, street lights were added for safety and security, and four older homes have been moved off the property in the last two years.

The utilities are as follows: - Water: Well (No bill back) - Sewer: Septic (No bill back) - Electric: Tenant Responsible - Gas: Tenant Responsible - Trash: Dumpster (Owner Responsible)

There are 20 storage units on the property. Of which, 10 are rented out to tenants. The current owner has not allowed non-residents to rent these spaces, however, by allowing non-residents to rent these, they could easily be filled.
There is a 1/2+ acre at the end of the east driveway that could be used for outdoor storage for local boat/RV owners or developed into more lots. If lots were developed, they would more than likely need to have an additional septic system installed.

Sturgeon Bay is located 40 miles northeast of Green Bay. It's at the center of Door County on the peninsula of Wisconsin surrounded by Lake Michigan. Sturgeon Bay has a population of nearly 10,000 people and an average household income of $57,226 per year.
Although Door County is known for its tourism in the summer months, the largest employment sectors in Sturgeon Bay are Manufacturing (20%), Healthcare (16%), and Retail Sales (14%).
Historically, about 35% of Sturgeon Bay's residents rent their current home. There has been little to no change of this between the years of 2013-2020 with the percentage ranging between 63%-67% during that time frame (there was no data past 2020).