Tavern with Apartment
For Sale
$895,000
1548 Sheridan Rd, Kenosha, WI 53140
COMMERCIAL - Kenosha, WI
Property Size3,784 SF
Lot Size1.77 Acres
Price / SF$236.52
Days on Market258
Property Features for 1548 Sheridan Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3 C-1
Directions
Sheridan Rd to address.
Standard status
Active
APN
8142231840820
Size
3,784 SF
Lot size
1.77 Acres
Taxes and HOA fees
Tax Year
2015
Tax Annual Amount
7195
Building Details
Year built
1920
Architectural style
Other
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Jerry Hornik · License #50465-90
(414) 461-4040
Added: Nov 17, 2025
Changed: Jul 9
Last Checked: Aug 2 at 2:06PM
MLS# 1943157
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property is a well-established tavern with an apartment above. The sale includes furniture, fixtures, and equipment, and the listing notes that the machines are leased.
The offering also includes a 4-bedroom home and a parcel of vacant land, which the seller indicates are included in the price of sale. The property is zoned B-3 C-1 and is conveniently located on Sheridan Rd, close to Carthage College.
The buyer is reminded to rely on their own due diligence regarding all measurements.
The offering also includes a 4-bedroom home and a parcel of vacant land, which the seller indicates are included in the price of sale. The property is zoned B-3 C-1 and is conveniently located on Sheridan Rd, close to Carthage College.
The buyer is reminded to rely on their own due diligence regarding all measurements.
Key Highlights
- Tavern with an apartment above, with Year Built listed as 1920
- Business includes furniture, fixtures, and equipment (machines are leased)
- 4‑bedroom home included in the sale (tax #8342231840815)
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $18.00 |
| − Vacancy | −$4.0k | −$1.04 |
| EGI | $64.2k | $16.96 |
| − OpEx | −$16.0k | −$4.24 |
| NOI | $48.1k | $12.72 |
3,784 SF · lease $18.00/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$687.4K
$601.5K – $802.0K
NOI $48,121 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.41M
$3.85M – $5.14M
NOI $308,381 @ 7.0% cap · market cap 34.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
74k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
McDonald's
Dining
24,212 visits/mo
0.4 miles
Culver's
Dining
19,608 visits/mo
0.4 miles
Taco Bell
Dining
11,272 visits/mo
0.5 miles
Speedway
Shops & Services
7,786 visits/mo
0.5 miles
BP
Shops & Services
6,516 visits/mo
0.3 miles
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Starbucks — 2001 Alford Park Dr, Kenosha, WI 53140
- House — 1548 Sheridan Rd, Kenosha, WI 53140
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established tavern includes furnishings, fixtures, and equipment, plus an apartment above and included adjacent property.
Where is this bar & pub located?
The property is located at 1548 Sheridan Rd Kenosha, WI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Tavern with an apartment above, with Year Built listed as 1920; Business includes furniture, fixtures, and equipment (machines are leased); 4‑bedroom home included in the sale (tax #8342231840815)
