Tavern With Upstairs
For Sale
$895,000
1548 Sheridan Rd, Kenosha, WI 53140
Established tavern with an apartment above, plus included 4-bedroom home and vacant land.
Property Size3,784 SF
Price / SF$236.52
Days on Market291
Property Features for 1548 Sheridan Rd
General Information
Standard status
Active
Size
3,784 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,195
Amenities
Central Air
3
B-3 C-1
20 Parking Spaces.
1 to 4.99
Building Details
Year Built
1920
Listing Agency:
Homestead Realty, Inc
(414) 461-4040
Listed By:
Jerry Hornik · License #50465-90
(414) 461-4040
Source:
Xome
Added: Nov 3, 2025
Changed: Aug 12
Last Checked: Aug 21 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homestead Realty, Inc
Investment Insights
Based on property information with market context.
This well-established tavern includes an apartment above. The sale includes furniture, fixtures, and equipment, with the note that certain machines are leased. The property package also includes a 4-bedroom home (tax #8342231840815) and vacant land (tax #8342231840825), which are included in the sale price.
The property is conveniently located on Sheridan Rd in Kenosha, WI, close to Carthage College.
Prospective buyers are encouraged to rely on their own due diligence regarding all measurements and related details.
The property is conveniently located on Sheridan Rd in Kenosha, WI, close to Carthage College.
Prospective buyers are encouraged to rely on their own due diligence regarding all measurements and related details.
Key Highlights
- Established tavern with an apartment above
- Includes furniture, fixtures, and equipment; machines are leased
- Zoned B‑3 C‑1
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
—
—
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
168
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
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 with an apartment above, plus included 4-bedroom home and vacant land.
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: Established tavern with an apartment above; Includes furniture, fixtures, and equipment; machines are leased; Zoned B‑3 C‑1
