Freestanding Single-Tenant Restaurant
For Sale
Contact for pricing
3707 30th Avenue, Kenosha, WI 53144
Freestanding, single-story restaurant with commercial kitchen, 28 parking spaces, and B-1 zoning on a hard-corner lot.
Property Size3,246 SF
Lot Size0.29 Acres
Price / SF$215.03
Days on Market53
Property Features for 3707 30th Avenue
General Information
Standard status
Active
Size
3,246 SF
Class
B
Total Parking Spaces
28
Lot size
0.29 Acres
Property subtype
Retail, Hospitality
Zoning
B-1
Investment Type
Owner/User
Site & Location
Traffic Count
13,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1981
Stories
1
Units
1
Tenancy
Single
Listing Agency:
EatZ Real Estate Group LLC
Listed By:
Tom Traina · License #471021331
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 10 at 4:54AM
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 EatZ Real Estate Group LLC
Investment Insights
Based on property information with market context.
This freestanding, single-story, single-tenant restaurant building was built in 1981 and is offered together with the real estate it occupies. The property includes a fully equipped commercial kitchen and dining room, with seating for 109. The building is supported by 3-5 ton rooftop AC units, and the offering includes furniture, fixtures, and equipment (FF&E). With pylon signage and curb cuts designed for in-and-out access, the layout is positioned for straightforward restaurant operations.
The restaurant sits on a hard-corner 0.29-acre parcel with 47 feet of frontage on 30th Avenue and 28 on-site surface parking spaces. Two curb cuts support convenient vehicle flow, and the corner location provides visibility along a well-traveled corridor. The area is described as densely populated and established, with meaningful day and residential populations reported within one and three-mile radii.
B-1 commercial zoning supports continued restaurant use as well as a range of other retail or commercial uses, which may allow a buyer to maintain the current concept or re-concept under a new banner. The property may also be considered for leasing to a restaurant tenant. The offering is presented as turnkey for a buyer who wants to keep the breakfast-and-lunch restaurant operating, with financial statements available to qualified buyers upon execution of a confidentiality agreement.
The restaurant sits on a hard-corner 0.29-acre parcel with 47 feet of frontage on 30th Avenue and 28 on-site surface parking spaces. Two curb cuts support convenient vehicle flow, and the corner location provides visibility along a well-traveled corridor. The area is described as densely populated and established, with meaningful day and residential populations reported within one and three-mile radii.
B-1 commercial zoning supports continued restaurant use as well as a range of other retail or commercial uses, which may allow a buyer to maintain the current concept or re-concept under a new banner. The property may also be considered for leasing to a restaurant tenant. The offering is presented as turnkey for a buyer who wants to keep the breakfast-and-lunch restaurant operating, with financial statements available to qualified buyers upon execution of a confidentiality agreement.
Key Highlights
- Freestanding single‑tenant restaurant building built in 1981 with a fully equipped commercial kitchen and dining room
- 3,246 SF single‑story restaurant on a 0.29‑acre (12,632 SF) hard‑corner lot with 47' frontage on 30th Avenue
- 28 on‑site surface parking spaces plus a pylon sign and two curb cuts for easy in‑and‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,279
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$825,580
$825.6K
Cap Rate 7%
$589,700
$589.7K
Cap Rate 9%
$458,656
$458.7K
Market Conditions
NOI Build-Up for 3,246 SF
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.
Gross rent
$58.4K $18.00/SF
− Vacancy
−$3.4K −$1.04/SF
EGI
$55.0K $16.96/SF
− OpEx
−$13.8K −$4.24/SF
NOI
$41.3K $12.72/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$825,580
Cap Rate 7%
$589,700
Cap Rate 9%
$458,656
Alternative Uses
Best Use
Industrial
$3.11M
$2.72M – $3.63M
NOI $217,853 @ 7.0% cap · market cap 31.21%
Second Best
Specialty Retail
$589.7K
$516.0K – $688.0K
NOI $41,279 @ 7.0% cap · market cap 5.91%
Theoretical Best
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,536 @ 7.0% cap · market cap 37.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13,600 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Take 5 Oil Change
Shops & Services
3,319 visits/mo
0.1 miles
Tacos El Norte
Dining
3,238 visits/mo
0.3 miles
Dollar General
Shops & Services
2,146 visits/mo
0.3 miles
Valvoline Instant Oil Change
Shops & Services
1,826 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
778 visits/mo
0.2 miles
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
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 - Freestanding, single-story restaurant with commercial kitchen, 28 parking spaces, and B-1 zoning on a hard-corner lot.
Where is this conventional restaurant located?
The property is located at 3707 30th Avenue Kenosha, WI.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: Freestanding single‑tenant restaurant building built in 1981 with a fully equipped commercial kitchen and dining room; 3,246 SF single‑story restaurant on a 0.29‑acre (12,632 SF) hard‑corner lot with 47' frontage on 30th Avenue; 28 on‑site surface parking spaces plus a pylon sign and two curb cuts for easy in‑and‑out access
