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    Mixed-Use Investment Opportunity Title is generated by Realmo AI

    26001 75th St, Salem, WI 53168

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    For Sale
    $749,900

    Commercial/Industrial - Salem Lakes, WI

    Property size:
    2,388 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $314/SF
    Added:
    Apr 10, 2026
    Days on Market:
    52
    Last Refresh:
    May 31 at 6:06 am

    Property Features for 26001 75th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-2
    Interior features
    Display Window, Inside Storage, Rest Rooms
    Exterior features
    Outside Storage
    Standard status
    Active
    APN
    4041201020401
    Size
    2,388 SF
    Lot size
    1.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4666.27

    Utilities

    Heating system
    Forced Air, Natural Gas, Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Floors in Building
    2
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dorene Salvati

    Listing agent Dorene Salvati License #83674-94

    Listing office Spotlight Real Estate, LLC W2403 St. Peters Rd, East Troy, WI 53120, East Troy, WI

    Listing date Apr 10, 2026

    MLS# 1957385 Listing URL

    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.

    HighLights

    • Mixed‑use property with commercial space and residential apartment.
    • Excellent accessibility with two access points on Hwy 50 and over 20 parking spaces.
    • Prime location close to the Illinois border, ideal for commuters and customers.
    • Total of 2,388 sq ft of commercial and residential space.
    • Includes a 576 sq. ft. garage built in 2019.
    • Expansive 1.21‑acre site provides ample space.

    Overview

    This mixed-use property offers an investment opportunity on 1.21 acres. The property is conveniently located close to the Illinois border. The property features a total of 2,388 square feet of commercial space. The 1,620 square foot building offers visibility and business potential. The mixed-use duplex layout includes 768 square feet of retail space on the main level and a 768 square foot upper-level apartment. A 576 square foot garage, built in 2019, provides storage or workspace. The site includes over 20 parking spaces and two accesses on Highway 50. The property is zoned B-2. This property is located in Salem Lakes, Kenosha County, Wisconsin.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -88.124133
    Latitude
    42.567738

    Nearby Similar for Sale

    • $925,000
      6,194 SF

      Retail/Event Property For Sale

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      View Details
    • $3,900
      3,600 SF

      Salem Lakes Flex Space

      Flex space with warehouse and office components available for rent.
      9920 Antioch Rd, Salem Lakes, WI 53168
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property with commercial space, duplex, and garage.
    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: Mixed‑use property with commercial space and residential apartment.; Excellent accessibility with two access points on Hwy 50 and over 20 parking spaces.; Prime location close to the Illinois border, ideal for commuters and customers.
    (305) 525-7711
    We can help!
    Listing Contact
    Dorene Salvati
    Real Estate License ID: 83674-94
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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