Building Details

Year Built 1873

Buildings 2

Listing Agency: Trecroci Realty 2

Listed By: Benjamin Trecroci Show Phone

Source: Jwregwi

Added: Aug 13 Changed: Oct 16 Last Checked: Oct 7 at 5:12PM

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Investment Insights

Based on property information with market context.

This 6,480-square-foot mixed-use property comprises two adjoining historic buildings at 5814 and 5816 6th Ave. The first floor at 5814 has been fully renovated for commercial occupancy, while the neighboring space at 5816 is prepared for customization. The buildings may function separately or be integrated into a larger commercial layout.

Upper levels provide bright loft-style areas with exposed brick, high ceilings, and original architectural features. Zoning and utilities are already in place. The property is situated in downtown Kenosha near Lake Michigan, boat harbors, beaches, the streetcar line, and local dining and arts destinations.

Key Highlights

• 6,480 SF mixed‑use property consisting of two adjoining historic buildings
• 5814 includes a fully renovated first‑floor commercial space
• 5816 offers a first‑floor space ready for customization

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,482

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,609,640 $1.6M

Cap Rate 7%

$1,149,743 $1.1M

Cap Rate 9%

$894,244 $894.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,480 SF

Gross rent

$140.0K $21.60/SF

− Vacancy

−$11.2K −$1.73/SF

EGI

$128.8K $19.87/SF

− OpEx

−$48.3K −$7.45/SF

NOI

$80.5K $12.42/SF

Area

Kenosha County, WI

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,609,640

Cap Rate 7%

$1,149,743

Cap Rate 9%

$894,244

Alternative Uses

Best Use

Mixed Use

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,482 @ 7.0% cap · market cap 8.09%

Second Best

Retail

$1.10M

$961.4K – $1.28M (±1% cap)

NOI $76,912 @ 7.0% cap · market cap 7.73%

Theoretical Best

Warehouse

$7.54M

$6.60M – $8.80M (±1% cap)

NOI $528,094 @ 7.0% cap · market cap 53.07%

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

Property Analytics

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Current Use

Sherwood Forest Meat ... Take-out & Catering

Suggested Use

Top Pick Pharmacy Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic Building Supply

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

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,438

Businesses Nearby

26k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 69% Shops & Services 31%

Wendy's Dining

13,679 visits/mo 0.4 miles

Shell Shops & Services

4,908 visits/mo 0.2 miles

SUBWAY Dining

4,041 visits/mo 0.2 miles

Citgo Shops & Services

1,951 visits/mo 0.5 miles

BMO Harris Bank Shops & Services

958 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two adjoining structures offer renovated retail space and customizable commercial interiors.

Where is this mixed-use property located?

The property is located at 5814 6th Ave Unit 5816 Kenosha, WI.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 6,480 SF mixed‑use property consisting of two adjoining historic buildings; 5814 includes a fully renovated first‑floor commercial space; 5816 offers a first‑floor space ready for customization