Multi-Level Restaurant Building with Two Bar
For Sale
$2,750,000
3552 Market Ln, Kenosha, WI
Restaurant building on 2.61 acres with extensive kitchen and prep areas, dual operations, and two custom bar areas.
Property Size11,930 SF
Lot Size2.61 Acres
Price / SF$230.51
Days on Market254
Property Features for 3552 Market Ln
General Information
Standard status
Active
Size
11,930 SF
Total Parking Spaces
135
Lot size
2.61 Acres
Additional Details
Furnished
No
Liquor License
Yes
Amenities
tall ceilings
extensive kitchen and prep areas
multiple walk-in coolers
two custom bar areas
multi-level dining layout
large glass overhead doors
Building Details
Buildings
1
Listing Agency:
@properties
(262) 705-4907
Listed By:
Jake Hansen
(262) 705-4907
Source:
Exprealty
Added: Nov 21, 2025
Changed: Jul 30
Last Checked: Jul 31 at 5:14PM
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 @properties
Investment Insights
Based on property information with market context.
Exceptional multi-level restaurant building totaling 12,000 sq ft on 2.61 acres, with approximately 135 parking stalls. The property is currently home to Oakfire Pizza and Sazon Tacos & Tequila and is set up for dual operations with extensive kitchen and prep areas designed to support both concepts. Interior features include tall ceilings, multiple walk-in coolers, and two custom bar areas.
The dining layout includes large glass overhead doors that bring in significant natural light. The site is located on Kenosha’s north side near a major intersection and is surrounded by strong anchor businesses, supporting steady traffic.
An active liquor license is included. Name and furnishings are excluded, and the seller is open to negotiating goodwill.
The dining layout includes large glass overhead doors that bring in significant natural light. The site is located on Kenosha’s north side near a major intersection and is surrounded by strong anchor businesses, supporting steady traffic.
An active liquor license is included. Name and furnishings are excluded, and the seller is open to negotiating goodwill.
Key Highlights
- Exceptional 12,000 sq ft multi‑level restaurant building
- 2.61 acres with approximately 135 parking stalls
- Set up for dual operations with extensive kitchen and prep areas
Financial Insights For Specialty 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 | $214.7k | $18.00 |
| − Vacancy | −$12.5k | −$1.04 |
| EGI | $202.3k | $16.96 |
| − OpEx | −$50.6k | −$4.24 |
| NOI | $151.7k | $12.72 |
11,930 SF · lease $18.00/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Industrial
$11.44M
$10.01M – $13.34M
NOI $800,674 @ 7.0% cap · market cap 29.12%
Second Best
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,714 @ 7.0% cap · market cap 5.52%
Theoretical Best
Warehouse
$13.89M
$12.15M – $16.20M
NOI $972,247 @ 7.0% cap · market cap 35.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
445k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 24%
Shops & Services 16%
Groceries 12%
Walmart
Superstores
123,412 visits/mo
0.2 miles
Sam's Club
Superstores
86,033 visits/mo
0.2 miles
Kwik Trip
Shops & Services
39,164 visits/mo
0.4 miles
Skogen's Festival Foods
Groceries
30,797 visits/mo
0.4 miles
McDonald's
Dining
27,555 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building on 2.61 acres with extensive kitchen and prep areas, dual operations, and two custom bar areas.
Where is this conventional restaurant located?
The property is located at 3552 Market Ln Kenosha, WI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Exceptional 12,000 sq ft multi‑level restaurant building; 2.61 acres with approximately 135 parking stalls; Set up for dual operations with extensive kitchen and prep areas
