Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7224 118Th Ave Kenosha, WI 53142

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr

    Inline retail space available in high-traffic strip center.

    Property Features for 7224 118Th Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Cj Goldberg
    Source: Cbre

    Listing Agent: Cj Goldberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Strip Center

    This 1,400 square foot inline space is located within a strip center situated in the northeast quadrant of I-94 and HWY 50. The location benefits from two access points and high traffic volume. The property is part of a retail environment with co-tenants including Noodles, Edible Arrangements, Great Clips, Cottonwood Financial, ATI Physical Therapy, and Utopia Nails. The lease rate is $35.00 per square foot, with CAM, insurance, and taxes totaling $13.50 per square foot. A minimum lease term of 5 years is required, and buildout options are negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Noodles and Company Restaurant ATI Physical Therapy Medical Clinic Cash Store Loan Service Nathaniel Foss Physician Utopia Nail & Spa ... Nail Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.9503079
    Latitude
    42.5700158

    Nearby Similar for Lease

    • $600 /Mo
      520 SF

      Kenosha Office Space For Lease

      Affordable office space with three rooms and a lobby.
      1109 55Th St, Kenosha, WI 53140
      View Details
    • $550 /Mo
      121 SF

      Professional Office Spaces in Kenosha

      Class A office spaces with 24/7 access in high-traffic area.
      6300 76Th St, Kenosha, WI 53142
      View Details
    • $1,850 /Mo
      2,400 SF

      Kenosha Commercial Space For Rent

      Highly visible commercial unit suitable for retail, office, or service-based businesses.
      3818 60Th St, Kenosha, WI 53144
      View Details
    • Contact for pricing

      Kenosha Landmark Diner Opportunity

      Long-standing diner/drive-in with updated kitchen equipment and ample parking.
      2929 Roosevelt Rd, Kenosha, WI 53143
      View Details
    • $1,800 /Mo
      1,888 SF

      Kenosha Corner Lot Opportunity

      Prime corner lot ideal for car lot or small business.
      1225 60Th St, Kenosha, WI 53140
      View Details
    • $9 SF/Yr

      I-94 Corridor Industrial Hub

      Small industrial units with dock and drive-in access for rent.
      9522 58Th Pl, Kenosha, WI 53144
      View Details
    • $29 SF/Yr
      2,560 SF

      Retail Space Near Lowe's

      Retail space with high visibility and traffic count.
      6320 Green Bay Rd, Kenosha, WI 53142
      View Details
    • $47 SF/Yr
      1,884 SF

      Retail/Medical Space on Green Bay

      Retail or medical space with high visibility and full access.
      6515-6525 Green Bay Rd, Kenosha, WI 53144
      View Details
    • $9 SF/Yr

      Kenosha Industrial Units For Rent

      Industrial units with dock and drive-in access in Kenosha, Wisconsin.
      5732 95Th Ave, Kenosha, WI 53144
      View Details
    • $10 SF/Yr

      Industrial Units with Dock Access

      Industrial units available for rent with dock and drive-in access.
      8920 58Th Pl, Kenosha, WI 53144
      View Details
    • Contact for pricing
      4,500 SF

      Freestanding Retail Building on Green Bay

      High-visibility retail or restaurant space in Kenosha's commercial corridor.
      7120 Green Bay Rd, Kenosha, WI 53142
      View Details
    • $18 SF/Yr
      28,630 SF

      Retail Space in Southport Plaza

      Retail spaces available in well-located shopping center with anchor tenants.
      7200 Green Bay Rd, Kenosha, WI 53142
      View Details

    FAQs

    What type of property is this?
    Strip mall - Inline retail space available in high-traffic strip center.
    Where is this strip mall located?
    The property is located at 7224 118Th Ave Kenosha, WI.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location at I-94 and HWY 50; - Located in established strip center; - Two easy access points
    (414) 273-0880
    Request Owner's contact information
    7224 118Th Ave Kenosha, WI 53142
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7224 118Th Ave
    Kenosha, WI 53142
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7224 118Th Ave Kenosha, WI 53142
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cj Goldberg
    (414) 273-0880 (414) 274-1658
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!