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$490,000 Just Listed
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Property Description
Historic 1904 Waldo Schoolhouse offering a rare adaptive reuse opportunity. Prominent brick building featuring 11,362 sq ft above grade plus 3,363 sq ft below grade on over 1.4 acres with scenic northern views. Original hardwood floors throughout much of the property, with additional north wing. Property is positioned for conversion into 8 residential apartments. Demolition and second-floor restructuring have begun. Professional architectural and renovation plans by The Custom House LLC approved by WI DSPS in 2022 included, with over $20,000 invested. Solid condition for its age with exceptional character and scale. Ideal for cash or equivalent buyers seeking a signature redevelopment project.
Full Property Details
Full Property Details for 348 W 1st St
General
- Price: $490,000
- Taxes: $1,894 (2025)
- Status: Active
- Type: Commercial
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1949464
- Updated: 2/5/2026
- Added to Site: Today
Additional Information
- Other Features: 220-Volt Power, Carpeting, Fixtures, Inside Storage, Living Space Available, Other, Outside Storage, Restrooms
Parking
- Total Spaces: 50
Location
- Municipality: Village
- County: Sheboygan
- Driving Directions: Hwy 57 to 1st Street (Hwy 28), West to Property
- Dist. to Freeway: Less than 1 Mile
- Location Details: Freestanding, Other
Heating & Cooling
- Heating/Cooling: Forced Air, Individual Heating Units, Natural Gas, Other
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Structure Type: Other, Special Purpose
- Exterior Const.: Aluminum Siding, Brick, Stone
- Basement Desc.: Partial, Walk-Out/Outer Door
- Roof: Metal
- Ceiling Height: 11 to 15 Feet, 8 to 10 Feet
- Drive-In Clearance: 6 to 8 Feet
- Stories Description: 3
- Square Feet: 11,362
- Year Built: 1904
Lot Features
- Lot Size (Acres): 1.4
- Frontage: High Visibility, Paved Lot, Paved Road, State Road, Town/City Road
- Zoning: C1
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $1,894.34
- Tax Year: 2025
Disclosures and Reports
- APN: 1179
Listed by Pleasant View Realty, LLC
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Schools
Schools serving 348 W 1st St
School District:Sheboygan Falls School District
| Name | Grades | Distance |
|---|---|---|
Sheboygan Falls Elementary School 1 Alfred Miley Avenue, Sheboygan Falls, WI 53085 | PK-4 | 8.2 mi |
Sheboygan Falls Middle School 2 Alfred Miley Avenue, Sheboygan Falls, WI 53085 | 5-8 | 8.3 mi |
Sheboygan Falls High School 220 Amherst Avenue, Sheboygan Falls, WI 53085 | 9-12 | 7.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 348 W 1st St
Date
Details
Price
Change
Source
2/05/2026
Listed
$490,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 348 W 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,493
1%
$93,300
—
2023
$2,479
8%
$93,300
—
2022
$2,292
4%
$93,300
—
2021
$2,204
3%
$93,300
—
2020
$2,147
22%
$93,300
—
2019
$1,758
2%
$93,300
—
2018
$1,721
-9%
$93,300
—
2017
$1,885
-3%
$93,300
—
2016
$1,948
4%
$93,300
6%
2015
$1,879
2%
$88,200
—
2014
$1,835
-3%
$88,200
—
2013
$1,889
—
$88,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 348 W 1st St
348 W 1st St, Waldo, WI 53093 (MLS# 1949464) is a Commercial property. 348 W 1st St is currently listed for $490,000 and was received on February 05, 2026. Want to learn more about 348 W 1st St? Do you have questions about finding other Commercial real estate for sale in Waldo? You can browse all Waldo real estate or contact a Coldwell Banker agent to request more information.

