Tavern and Apartment
New
For Sale
$895,000
1548 Sheridan Road, Kenosha, WI 53140
A four-bedroom residence and undeveloped parcel are also part of the offering.
Property Size3,784 SF
Price / SF$236.52
Days on Market6
Property Features for 1548 Sheridan Road
General Information
Standard status
Active
Size
3,784 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
B-3 C-1
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Building Size
3,784 SF
Year Built
1920
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Jerry Hornik · License #50465-90
(414) 461-4040
Source:
Coactionrealestate
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:43PM
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
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Investment Insights
Based on property information with market context.
This mixed-use property combines a tavern with an apartment on the upper level. Furniture, fixtures, and equipment are included; machines are leased. The offering also encompasses a four-bedroom home and a separate vacant parcel.
Built in 1920, the property is zoned B-3 and C-1 and sits near Carthage College on Sheridan Road in Kenosha.
Built in 1920, the property is zoned B-3 and C-1 and sits near Carthage College on Sheridan Road in Kenosha.
Key Highlights
- Tavern with an apartment above
- Four‑bedroom home and vacant land included
- Furniture, fixtures, and equipment included; machines are leased
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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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A four-bedroom residence and undeveloped parcel are also part of the offering.
Where is this mixed-use property located?
The property is located at 1548 Sheridan Road 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; Four‑bedroom home and vacant land included; Furniture, fixtures, and equipment included; machines are leased
