Tavern with Apartment
1548 Sheridan Rd, Kenosha, WI 53140
For Sale
$895,000
Y, Kenosha, WI
Property Size3,784 SF
Lot Size1.77 Acres
Price / SF$236.52
Days on Market357
Property Features for 1548 Sheridan Rd
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Architectural style
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Jerry Hornik · License #50465-90
(414) 461-4040
Added: Nov 17, 2025
Changed: Sep 30
Last Checked: Nov 8 at 5:06AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$48,121
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,420
$962.4K
Cap Rate 7%
$687,443
$687.4K
Cap Rate 9%
$534,678
$534.7K
Market Conditions
NOI Build-Up for 3,784 SF
Gross rent
$68.1K $18.00/SF
− Vacancy
−$4.0K −$1.04/SF
EGI
$64.2K $16.96/SF
− OpEx
−$16.0K −$4.24/SF
NOI
$48.1K $12.72/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,420
Cap Rate 7%
$687,443
Cap Rate 9%
$534,678
Alternative Uses
Best Use
Specialty Retail
$687.4K
$601.5K – $802.0K
NOI $48,121 @ 7.0% cap · market cap 5.38%
Second Best
Mixed Use
$671.4K
$587.5K – $783.3K
NOI $46,997 @ 7.0% cap · market cap 5.25%
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.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Established tavern includes furnishings, fixtures, and equipment, plus an apartment above and included adjacent property.
Where is this mixed-use property 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)
