Building Details

Year Built 1920

Listing Agency: Shorewest Realtors, Inc.

Listed By: Kellie Onstad Show Phone

Source: Jwregwi

Added: Sep 14 Changed: Oct 26 Last Checked: Oct 7 at 4:32PM

Report an Issue

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 Shorewest Realtors, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This first-floor commercial space is positioned for retail, office, service, or professional use. The property offers immediate occupancy and ample parking for customers, staff, or visitors.

Located on Hwy 50 at 24408 75th St in Paddock Lake, Wisconsin, the space provides direct access to a busy highway corridor. The building was constructed in 1920.

Key Highlights

• First‑floor commercial space for retail, office, service, or professional use
• Located on Hwy 50 in Paddock Lake
• Ample parking available on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,531

Suggested Prices Based on Cap Rates

Cap Rate 5%

$350,620 $350.6K

Cap Rate 7%

$250,443 $250.4K

Cap Rate 9%

$194,789 $194.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,477 SF

Gross rent

$26.6K $18.00/SF

− Vacancy

−$1.5K −$1.04/SF

EGI

$25.0K $16.96/SF

− OpEx

−$7.5K −$5.09/SF

NOI

$17.5K $11.87/SF

Area

Kenosha County, WI

Vacancy

5.80%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$350,620

Cap Rate 7%

$250,443

Cap Rate 9%

$194,789

Alternative Uses

Best Use

Retail

$250.4K

$219.1K – $292.2K (±1% cap)

NOI $17,531 @ 7.0% cap · market cap 1,168.73%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$1.72M

$1.50M – $2.01M (±1% cap)

NOI $120,370 @ 7.0% cap · market cap 8,024.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Building Supply Spa & Massage Center HVAC Service Big Box & Wholesale Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

49k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 40% Home Improvements & Furnishings 8%

Dollar Tree Shops & Services

13,033 visits/mo 0.5 miles

Dunkin' Donuts Dining

6,706 visits/mo 0.1 miles

Scooter's Coffee Dining

5,391 visits/mo 0.2 miles

Citgo Shops & Services

4,967 visits/mo 0.1 miles

Taco Bell Dining

4,174 visits/mo 0.4 miles

Demographics for 53168, WI

8,687

Population

4,072

Households

2.1

Avg Household Size

42

Median Age

30%

College-Educated

92%

High-School Grad

32.5 sq mi

ZIP Area

267

Density / Sq Mi

$104,712

Median Household Income

$56,262

Median Earnings

$1,268

Median Rent

$289,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Immediate occupancy with ample parking and access from Hwy 50.

Where is this retail space located?

The property is located at 24408 75th St Paddock Lake, WI.

What are key features of this property?

This property features: First‑floor commercial space for retail, office, service, or professional use; Located on Hwy 50 in Paddock Lake; Ample parking available on site