Mixed-Use Building with
For Sale
$495,000
6103 23rd Ave, Kenosha, WI 53143
A three-bedroom apartment occupies the upper level above an operating salon; the business and its equipment are excluded from the sale.
Property Size1,976 SF
Price / SF$250.51
Days on Market169
Property Features for 6103 23rd Ave
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Commercial
Zoning
B2
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$2,374
Building Details
Building Size
1,976 SF
Year Built
1903
Buildings
1
Listing Agency:
EXP Realty, LLC~MKE
(866) 848-6990
Listed By:
Jorge Barquero · License #60064-94
(262) 344-9776
Source:
Defererealestate
Added: May 15
Changed: Oct 29
Last Checked: Oct 29 at 6:36PM
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 EXP Realty, LLC~MKE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 6103 23rd Ave in Kenosha, this 1,976-square-foot mixed-use property has an operating beauty salon on the main floor and a three-bedroom apartment above. The salon business and equipment are not part of the sale. Built in 1903, the building is zoned B2.
The sale also includes the parcel next to the building’s lot. That additional land provides private parking and outdoor space.
The sale also includes the parcel next to the building’s lot. That additional land provides private parking and outdoor space.
Key Highlights
- Main‑level beauty salon; business and equipment excluded from sale
- Three‑bedroom apartment on the upper floor
- 1,976 square feet; built in 1903
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,542
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,840
$490.8K
Cap Rate 7%
$350,600
$350.6K
Cap Rate 9%
$272,689
$272.7K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$42.7K $21.60/SF
− Vacancy
−$3.4K −$1.73/SF
EGI
$39.3K $19.87/SF
− OpEx
−$14.7K −$7.45/SF
NOI
$24.5K $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%
$490,840
Cap Rate 7%
$350,600
Cap Rate 9%
$272,689
Alternative Uses
Best Use
Mixed Use
$350.6K
$306.8K – $409.0K
NOI $24,542 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $161,036 @ 7.0% cap · market cap 32.53%
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
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 53143, WI
22,702
Population
9,118
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$67,105
Median Household Income
$40,276
Median Earnings
$1,157
Median Rent
$186,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom apartment occupies the upper level above an operating salon; the business and its equipment are excluded from the sale.
Where is this mixed-use property located?
The property is located at 6103 23rd Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Main‑level beauty salon; business and equipment excluded from sale; Three‑bedroom apartment on the upper floor; 1,976 square feet; built in 1903
