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: Oct 12 Last Checked: Oct 14 at 1:06PM

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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 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.

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 / 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

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

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Open 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 Law Firm Kitchen & Bath Showroom Parking Lot & Garage Hair Salon

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

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