Historic Mixed-Use
For Sale
$995,000
5814 6th Ave Unit 5816, Kenosha, WI 53140
Two adjoining structures offer renovated retail space and customizable commercial interiors.
Property Size6,480 SF
Price / SF$153.55
Days on Market22
Property Features for 5814 6th Ave Unit 5816
General Information
Standard status
Active
Size
6,480 SF
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Building Details
Year Built
1873
Buildings
2
Listing Agency:
Trecroci Realty 2
Listed By:
Benjamin Trecroci
(262) 237-0305
Source:
Jwregwi
Added: Aug 13
Changed: Sep 3
Last Checked: Sep 1 at 10:13PM
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 Trecroci Realty 2
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.
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 = 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
$80,482
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
8.09%
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%
$1,609,640
$1.6M
Cap Rate 7%
$1,149,743
$1.1M
Cap Rate 9%
$894,244
$894.2K
Market Conditions
NOI Build-Up for 6,480 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
$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 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%
$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
NOI $80,482 @ 7.0% cap · market cap 8.09%
Second Best
Retail
$1.10M
$961.4K – $1.28M
NOI $76,912 @ 7.0% cap · market cap 7.73%
Theoretical Best
Warehouse
$7.54M
$6.60M – $8.80M
NOI $528,094 @ 7.0% cap · market cap 53.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
