Building Details

Building Size 2,388 SF

Year Built 1960

Listing Agency: Spotlight Real Estate, LLC m***@gmail.com

Listed By: Dorene Salvati · License #83674-94 Show Phone

Source: Coactionrealestate

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 4:56PM

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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 Spotlight Real Estate, LLC

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

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Investment Insights

Based on property information with market context.

This mixed-use property occupies 1.21 acres and combines street-level retail with an upper-floor apartment. Each space measures 768 square feet. A separate 576-square-foot garage, built in 2019, adds storage or work area. The property also includes more than 20 parking spaces.

Two access points connect the site to Hwy 50. The property is described as close to the Illinois border, with an address on 75th Street in Salem, Wisconsin. B-2 zoning is in place.

Key Highlights

• 1.21‑acre site with B‑2 zoning
• 768‑square‑foot retail area on the main level and a 768‑square‑foot upper apartment
• 576‑square‑foot garage built in 2019

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,659

Cap Rate

3.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$593,180 $593.2K

Cap Rate 7%

$423,700 $423.7K

Cap Rate 9%

$329,544 $329.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,388 SF

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 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 (±1% cap)

NOI $29,659 @ 7.0% cap · market cap 3.96%

Second Best

Retail

$404.9K

$354.3K – $472.4K (±1% cap)

NOI $28,344 @ 7.0% cap · market cap 3.78%

Theoretical Best

Warehouse

$2.78M

$2.43M – $3.24M (±1% cap)

NOI $194,612 @ 7.0% cap · market cap 25.95%

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

Property Analytics

Current Use

Hasting’s Carpet Showroom Carpet & Flooring Store Diane Hastings Carpet & Flooring Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store

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

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

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?

Mixed-use property - B-2 zoning complements a layout with ground-floor retail and an apartment above.

Where is this mixed-use property located?

The property is located at 26001 75th Street 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 site with B‑2 zoning; 768‑square‑foot retail area on the main level and a 768‑square‑foot upper apartment; 576‑square‑foot garage built in 2019