Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    128th 60Th St Kenosha, WI 53140

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land near I-94 and corporate neighbors.

    Lot size:
    150.00 Acres

    Property Features for 128th 60Th St

    General Information

    Lot size
    150.00 Acres

    We can help!

    Listing Contact
    Thomas Boyle
    Thomas Boyle
    Source: Moodyscre

    Listing Agent: Thomas Boyle

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

    Learn more

    Overview

    Kenosha Commercial Land For Sale

    This commercial land is located near the interchange at I-94 and Hwy 158, and approximately 1.5 miles from the Microsoft Data Center. Corporate neighbors include Uline, Microsoft, Amazon, Eli Lilly, Silgan Containers, Kroger, and Gordon Food Service. The property will be annexed into the City of Kenosha upon development, pursuant to a boundary agreement. The location is approximately 25 minutes from General Mitchell Airport and 45 minutes from O’Hare International Airport. The area is experiencing rapid growth and is considered a pro-business community. 128th Ave will be expanded, including sewer & water, via Tax Increment District (TID) funding. The real estate taxes are low.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.8150683
    Latitude
    42.5810833

    Nearby Similar for Sale

    • $630,000
      0.35 Acres

      Kenosha Commercial Property with Licenses

      Family-owned business with licenses, fixtures, and equipment included.
      2827 63Rd St, Kenosha, WI 53143
      View Details
    • $349,900
      3,956 SF

      Kenosha Corner Building For Sale

      Solid brick building in Uptown Business district, ideal for retail.
      6105 22Nd Ave, Kenosha, WI 53143
      View Details
    • $950,000
      6,100 SF

      Kenosha Warehouse with Rental Units

      Warehouse property with three rental units in Kenosha, Wisconsin.
      1329 43Rd St, Kenosha, WI 53140
      View Details
    • New
      $850,000
      28,148 SF

      Historic Kenosha Theater with Mixed-Use Potential

      Unique mixed-use property with retail, office, and theater spaces.
      5819 6Th Ave, Kenosha, WI 53140
      View Details
    • $399,000
      3,120 SF

      Mixed-Use Grocery/Rental Property

      Turnkey grocery store with apartment and lease-to-own option.
      1400 50Th St, Kenosha, WI 53140
      View Details
    • $895,000
      3,784 SF

      Kenosha Tavern with Apartment Above

      Established tavern with apartment and additional land near Carthage College.
      1548 Sheridan Rd, Kenosha, WI 53140
      View Details
    • $424,900
      1,364 SF

      Kenosha Retail/Office Building For Sale

      Well-maintained Kenosha building with office space and rental potential.
      4103 60Th St, Kenosha, WI 53142
      View Details
    • $214,900
      1,100 SF

      Meticulously Maintained Condo with Balcony

      Two-bedroom condo with balcony, open layout, and 2.5-car garage.
      2825 11Th Pl, Kenosha, WI 53140
      View Details
    • $310,000
      1,525 SF

      Charming Condo in Kenosha Courts

      2-bedroom condo with open layout, updated features, and basement.
      3057 24Th St, Kenosha, WI 53144
      View Details
    • $4,586,000
      51,072 SF

      Anchored Retail Center For Sale

      Retail center with national tenants in a high-traffic location.
      2207-2215 80Th St, Kenosha, WI 53143
      View Details
    • Contact for pricing
      5 SF

      Former Restaurant Building on Highway 50

      Former restaurant building available for lease or sale in Kenosha.
      6950 75Th St, Kenosha, WI 53142
      View Details
    • $500,000
      113,161 SF

      Manufacturing and Warehouse Site

      Industrial property with manufacturing, warehouse, and office buildings.
      4500 13Th Ct, Kenosha, WI 53140
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land near I-94 and corporate neighbors.
    Where is this land located?
    The property is located at 128th 60Th St Kenosha, WI.
    What are key features of this property?
    This property features: - Location near I-94 interchange and major corporations; - Low real estate taxes; - Planned expansion of 128th Ave with sewer & water via TID funding
    (847) 814-4496
    Request Owner's contact information
    128th 60Th St Kenosha, WI 53140
    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.
    128th 60Th St
    Kenosha, WI 53140
    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
    128th 60Th St Kenosha, WI 53140
    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
    Thomas Boyle
    Thomas Boyle
    (847) 814-4496
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.