Building Details

Year Built 1950

Listing Agency: RE/MAX ELITE

Listed By: Shannyn Franklin · License #8978194 Show Phone

Source: Jwregwi

Added: Sep 15 Changed: Oct 25 Last Checked: Oct 7 at 1:05PM

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Investment Insights

Based on property information with market context.

This flex-space property provides 13,211 square feet of commercial area within an M1 Light Industrial zoning designation. The site is suited to warehouse, manufacturing, distribution, contractor, flex-space, and service-business operations, with multiple permitted-use categories identified. Immediate occupancy is available.

Built in 1950, the property is located at 5526 19th Ave in Kenosha, Wisconsin. Its configuration supports businesses seeking adaptable commercial space for operations, production, storage, distribution, or service functions. The property is offered for sale.

Key Highlights

• 13,211 square feet of flexible commercial space
• M1 Light Industrial zoning
• Multiple permitted‑use categories identified

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,474

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,809,480 $1.8M

Cap Rate 7%

$1,292,486 $1.3M

Cap Rate 9%

$1,005,267 $1.0M

What to ask about pricing

Market Conditions

NOI Build-Up for 13,211 SF

Gross rent

$158.5K $12.00/SF

− Vacancy

−$19.3K −$1.46/SF

EGI

$139.2K $10.54/SF

− OpEx

−$48.7K −$3.69/SF

NOI

$90.5K $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%

$1,809,480

Cap Rate 7%

$1,292,486

Cap Rate 9%

$1,005,267

Alternative Uses

Best Use

Warehouse

$15.38M

$13.46M – $17.94M (±1% cap)

NOI $1,076,643 @ 7.0% cap · market cap 107,664,300.00%

Second Best

Industrial

$12.67M

$11.08M – $14.78M (±1% cap)

NOI $886,647 @ 7.0% cap · market cap 88,664,700.00%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Deals-A-Plenty Discount Warehouse Furniture & Home Goods Classical Music Instruments (Bike/Boat/Book/etc) Store Recyclean Inc. Home Decor Store

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,293

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 53140, WI

30,571

Population

14,065

Households

2.2

Avg Household Size

36

Median Age

28%

College-Educated

90%

High-School Grad

7.9 sq mi

ZIP Area

3,870

Density / Sq Mi

$56,803

Median Household Income

$34,154

Median Earnings

$1,018

Median Rent

$191,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - M1 zoning accommodates warehouse, manufacturing, distribution, contractor, flex, and service uses.

Where is this flex space located?

The property is located at 5526 19th Ave Kenosha, WI.

What are key features of this property?

This property features: 13,211 square feet of flexible commercial space; M1 Light Industrial zoning; Multiple permitted‑use categories identified