Building Details

Year built 1960

Architectural style Other

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

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

Added: Apr 10 Changed: Aug 4 Last Checked: Aug 29 at 11:06PM

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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 offers 2,388 square feet of combined commercial and residential space on a 1.21-acre site. The property includes a commercial building, a mixed-use duplex configuration with retail and apartment components, and a 576-square-foot garage constructed in 2019. The existing layout supports business operations alongside residential occupancy or rental use. The main building dates to 1960, and the site is zoned B-2.

Access is provided by two entrances on Hwy 50, with over 20 parking spaces serving the property. Its position in Salem Lakes, Kenosha County, places the site close to the Illinois border and supports access for customers, commuters, occupants, and business users.

Key Highlights

• 2,388 square feet of combined commercial and residential space
• 1.21‑acre site in Salem Lakes, Kenosha County
• 576 sq. ft. 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 (±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.

Property Analytics

Property Profile

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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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 two highway accesses.

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: 2,388 square feet of combined commercial and residential space; 1.21‑acre site in Salem Lakes, Kenosha County; 576 sq. ft. garage built in 2019