Mixed-Use Property with
For Sale
$749,900
26001 75th St, Salem, WI 53168
Y, Salem Lakes, WI
Property Size2,388 SF
Lot Size1.21 Acres
Price / SF$314.03
Days on Market146
Property Features for 26001 75th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Directions
GPS. 1/2 Mile West of Hwy 83 and Hwy 50 intersection.
Standard status
Active
APN
4041201020401
Size
2,388 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4666
Building Details
Year built
1960
Architectural style
Other
Listing Agency:
Spotlight Real Estate, LLC
(262) 441-0170
Listed By:
Dorene Salvati · License #83674-94
(305) 525-7711
Added: Apr 10
Changed: Aug 31
Last Checked: Sep 2 at 7:06AM
MLS# 1957385
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 mixed-use property sits on 1.21 acres in Salem Lakes and includes commercial and residential components, along with a detached 576-square-foot garage constructed in 2019. The site also includes a building dating to 1960, providing an established physical presence for a combined-use configuration.
More than 20 parking spaces and two access points along Hwy 50 support arrival and circulation. The property is located in Kenosha County near the Illinois border, placing it within a cross-border commuter and customer-access context. B-2 zoning is in place, and the site’s combination of commercial space, residential use, storage, and parking creates a varied property profile.
More than 20 parking spaces and two access points along Hwy 50 support arrival and circulation. The property is located in Kenosha County near the Illinois border, placing it within a cross-border commuter and customer-access context. B-2 zoning is in place, and the site’s combination of commercial space, residential use, storage, and parking creates a varied property profile.
Key Highlights
- 1.21‑acre mixed‑use property in Salem Lakes, WI
- B‑2 zoning
- 576‑square‑foot garage built in 2019
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
$29,659
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
3.96%
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%
$593,180
$593.2K
Cap Rate 7%
$423,700
$423.7K
Cap Rate 9%
$329,544
$329.5K
Market Conditions
NOI Build-Up for 2,388 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
$51.6K $21.60/SF
− Vacancy
−$4.1K −$1.73/SF
EGI
$47.5K $19.87/SF
− OpEx
−$17.8K −$7.45/SF
NOI
$29.7K $12.42/SF
Area
Kenosha County, WI
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$593,180
Cap Rate 7%
$423,700
Cap Rate 9%
$329,544
Alternative Uses
Best Use
Mixed Use
$423.7K
$370.7K – $494.3K
NOI $29,659 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$404.9K
$354.3K – $472.4K
NOI $28,344 @ 7.0% cap · market cap 3.78%
Theoretical Best
Warehouse
$2.78M
$2.43M – $3.24M
NOI $194,612 @ 7.0% cap · market cap 25.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Kwik Trip
Shops & Services
32,989 visits/mo
0.4 miles
McDonald's
Dining
20,586 visits/mo
0.3 miles
Culver's
Dining
15,794 visits/mo
0.4 miles
BP
Shops & Services
9,242 visits/mo
0.3 miles
Mobil
Shops & Services
6,905 visits/mo
0.3 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-2-zoned property combines commercial and residential components with substantial parking and direct access from Hwy 50.
Where is this mixed-use property located?
The property is located at 26001 75th St Salem, WI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 1.21‑acre mixed‑use property in Salem Lakes, WI; B‑2 zoning; 576‑square‑foot garage built in 2019
