Warehouse with Heavy
For Sale
$2,100,000
3120 64th St, Kenosha, WI 53142
Heated warehouse with loading docks, drive-in doors, wash bay, office space, and fenced outdoor storage.
Property Size25,689 SF
Price / SF$81.75
Days on Market79
Property Features for 3120 64th St
General Information
Standard status
Active
Size
25,689 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Pitts Brothers & Associates, LLC
Listed By:
Michael Pitts · License #6548494
(262) 654-4900
Source:
Homesinwisconsin
Added: Aug 3
Changed: Oct 1
Last Checked: Oct 19 at 7:27AM
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 Pitts Brothers & Associates, LLC
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Investment Insights
Based on property information with market context.
This warehouse property provides approximately 24,434 square feet of heated warehouse area, plus approximately 580 square feet of mezzanine storage and approximately 1,990 square feet of office space. The office area includes a shop office and bathroom. Building features include two loading docks, four drive-in doors, a 29' x 20' interior wash bay with drain, warehouse floor drains, and heavy electric power.
The property consists of three separate tax parcels at 3120 64th St in Kenosha, Wisconsin. Two parcels carry M-2 Heavy Manufacturing zoning, while the vacant parking lot to the south is zoned RG-1 General Residential. Additional site features include a fenced outdoor storage area in the rear yard and ample parking.
The property consists of three separate tax parcels at 3120 64th St in Kenosha, Wisconsin. Two parcels carry M-2 Heavy Manufacturing zoning, while the vacant parking lot to the south is zoned RG-1 General Residential. Additional site features include a fenced outdoor storage area in the rear yard and ample parking.
Key Highlights
- Approximately 24,434 square feet of heated warehouse space plus approximately 580 square feet of mezzanine storage
- Approximately 1,990 square feet of office space, including shop office and bathroom
- Two loading docks and four drive‑in doors: 14' x 14', 14' x 14', 16' x 16', and 10' x 10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,929
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,518,580
$3.5M
Cap Rate 7%
$2,513,271
$2.5M
Cap Rate 9%
$1,954,767
$2.0M
Market Conditions
NOI Build-Up for 25,689 SF
Gross rent
$308.3K $12.00/SF
− Vacancy
−$37.6K −$1.46/SF
EGI
$270.7K $10.54/SF
− OpEx
−$94.7K −$3.69/SF
NOI
$175.9K $6.85/SF
Area
Kenosha County, WI
Vacancy
12.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,518,580
Cap Rate 7%
$2,513,271
Cap Rate 9%
$1,954,767
Alternative Uses
Best Use
Warehouse
$29.91M
$26.17M – $34.89M
NOI $2,093,550 @ 7.0% cap · market cap 99.69%
Second Best
Industrial
$24.63M
$21.55M – $28.74M
NOI $1,724,100 @ 7.0% cap · market cap 82.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 53142, WI
33,146
Population
13,787
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,601
Density / Sq Mi
$86,891
Median Household Income
$49,161
Median Earnings
$1,319
Median Rent
$254,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Vespa Moped Dealer Genuine Scooters — 3825 Roosevelt Rd unit 2, Kenosha, WI 53142
- T & G Transfer And Storage — 6203 28th Ave, Kenosha, WI 53143
- Otto Nelson Moving and Storage — 6203 28th Ave, Kenosha, WI 53143
Frequently Asked Questions
What type of property is this?
Warehouse - Heated warehouse with loading docks, drive-in doors, wash bay, office space, and fenced outdoor storage.
Where is this warehouse located?
The property is located at 3120 64th St Kenosha, WI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 24,434 square feet of heated warehouse space plus approximately 580 square feet of mezzanine storage; Approximately 1,990 square feet of office space, including shop office and bathroom; Two loading docks and four drive‑in doors: 14' x 14', 14' x 14', 16' x 16', and 10' x 10'
