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    Retail/Event Property For Sale Title is generated by Realmo AI

    32400 Geneva Rd, Salem, WI 53168

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    6,194 SF retail/event property available for purchase.

    Type:Retail
    Property size:
    6,194 SF
    Price / SF:
    $149/SF
    Added:
    Feb 3, 2026
    Days on Market:
    144
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 32400 Geneva Rd

    General Information

    Standard status
    Active
    Size
    6,194 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1974

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    Jason Neu
    Jason Neu

    Listing office Anderson Commercial Group

    Listing date Feb 3, 2026

    Source Crexi

    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 Anderson Commercial Group

    HighLights

    • +/- 6,194 sf event/retail property
    • Available for sale
    • Year built: 1974

    Overview

    A +/- 6,194 square foot property suitable for retail or event purposes is available for sale.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $111.5k $18.00
    − Vacancy −$6.5k −$1.04
    EGI $105.0k $16.96
    − OpEx −$31.5k −$5.09
    NOI $73.5k $11.87
    6,194 SF · lease $18.00/SF/yr · vacancy 5.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.05M
    $919.0K – $1.23M (±1% cap)
    NOI $73,518 @ 7.0% cap · market cap 7.95%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $7.21M
    $6.31M – $8.41M (±1% cap)
    NOI $504,786 @ 7.0% cap · market cap 54.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premier Wine & Spirits ... Bar & Pub

    Suggested Use

    Restaurant Auto Repair Shop Hair Salon Gym & Fitness Center Accounting Firm Discount Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -88.201696
    Latitude
    42.575961

    FAQs

    What type of property is this?
    Retail space - 6,194 SF retail/event property available for purchase.
    Where is this retail space located?
    The property is located at 32400 Geneva Rd Salem, WI.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: +/- 6,194 sf event/retail property; Available for sale; Year built: 1974
    (414) 858-5205 Call to check price and availability
    More about this property
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