Kenosha Retail/Office Building For
For Sale
$424,900
4103 60th Street, Kenosha, WI 53142
Well-maintained Kenosha building with office space and rental potential.
Property Size1,364 SF
Price / SF$311.51
Days on Market331
Property Features for 4103 60th Street
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Industrial
Building Details
Building Size
1,364 SF
Year Built
1978
Listing Agency:
RE/MAX
(414) 617-2416
Listed By:
Rachael Flores · License #72997-94
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 21 at 3:53AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This beautifully maintained brick building is located in the desirable Forest Park Neighborhood of Kenosha, offering easy accessibility to all areas of the city and high visibility. The property includes a new roof, gutters, and furnace installed in 2024. The main level features five private office spaces and a large reception area with ample seating, along with two updated half baths. The lower level, with a separate entrance, presents excellent rental potential for a separate business. This space includes a kitchen area, cubicles, a TV sitting area, and a conference table area. The back parking lot accommodates seven cars, supplemented by ample off-street parking. A wheelchair ramp is located at the back of the building, and a shed is included. The property is suitable for retail or office use.
Key Highlights
- New roof, gutters, and furnace installed in 2024.
- Excellent potential for rental income from the separate‑entrance lower level with kitchen, cubicles, and conference area.
- Prime location in the desirable Forest Park Neighborhood with easy access to all areas of Kenosha.
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
$17,165
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
4.04%
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%
$343,300
$343.3K
Cap Rate 7%
$245,214
$245.2K
Cap Rate 9%
$190,722
$190.7K
Market Conditions
NOI Build-Up for 1,364 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
$28.6K $21.00/SF
− Vacancy
−$5.8K −$4.22/SF
EGI
$22.9K $16.78/SF
− OpEx
−$5.7K −$4.19/SF
NOI
$17.2K $12.58/SF
Area
Kenosha County, WI
Vacancy
20.10%
Lease Rate
$21.00 /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%
$343,300
Cap Rate 7%
$245,214
Cap Rate 9%
$190,722
Alternative Uses
Best Use
Office B
$245.2K
$214.6K – $286.1K
NOI $17,165 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 3.81%
Theoretical Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,160 @ 7.0% cap · market cap 26.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained Kenosha building with office space and rental potential.
Where is this retail space located?
The property is located at 4103 60th Street Kenosha, WI.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: New roof, gutters, and furnace installed in 2024.; Excellent potential for rental income from the separate‑entrance lower level with kitchen, cubicles, and conference area.; Prime location in the desirable Forest Park Neighborhood with easy access to all areas of Kenosha.
