Mixed-Use Property with
For Sale
$350,000
3021 Washington Rd, Kenosha, WI 53144
Commercial space occupies the main floor, with a two-bedroom residence above.
Property Size2,530 SF
Price / SF$138.34
Days on Market147
Property Features for 3021 Washington Rd
General Information
Standard status
Active
Size
2,530 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$4,009
Building Details
Building Size
2,530 SF
Year Built
1925
Buildings
1
Listing Agency:
Deb DeFere Real Estate LLC
Listed By:
Deb DeFere
(262) 646-0593
Source:
Defererealestate
Added: Jun 1
Changed: Oct 24
Last Checked: Oct 24 at 2:47PM
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 Deb DeFere Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,530-square-foot mixed-use property pairs commercial space on the main floor with a two-bedroom apartment upstairs. Built in 1925, the building also includes a detached two-car garage. Its roof was replaced within the last 5 years, and the property is zoned Commercial.
Located at 3021 Washington Road in Kenosha, Wisconsin, the building previously housed a veterinary hospital. The same owner operated that business for 47 years before retiring.
Located at 3021 Washington Road in Kenosha, Wisconsin, the building previously housed a veterinary hospital. The same owner operated that business for 47 years before retiring.
Key Highlights
- 2,530‑square‑foot mixed‑use building
- Main‑floor commercial space with a two‑bedroom apartment upstairs
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,423
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,460
$628.5K
Cap Rate 7%
$448,900
$448.9K
Cap Rate 9%
$349,144
$349.1K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$54.6K $21.60/SF
− Vacancy
−$4.4K −$1.73/SF
EGI
$50.3K $19.87/SF
− OpEx
−$18.9K −$7.45/SF
NOI
$31.4K $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%
$628,460
Cap Rate 7%
$448,900
Cap Rate 9%
$349,144
Alternative Uses
Best Use
Mixed Use
$448.9K
$392.8K – $523.7K
NOI $31,423 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,185 @ 7.0% cap · market cap 58.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 53144, WI
26,702
Population
10,731
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
43.4 sq mi
ZIP Area
615
Density / Sq Mi
$71,111
Median Household Income
$42,017
Median Earnings
$1,136
Median Rent
$248,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the main floor, with a two-bedroom residence above.
Where is this mixed-use property located?
The property is located at 3021 Washington Rd Kenosha, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,530‑square‑foot mixed‑use building; Main‑floor commercial space with a two‑bedroom apartment upstairs; Detached 2‑car garage
