Freestanding Class A Retail
For Sale
Contact for pricing
6905 75 Pl, Kenosha, WI 53142
High-visibility retail building in a high-traffic commercial corridor.
Property Size11,357 SF
Price / SF$173.90
Days on Market204
Property Features for 6905 75 Pl
General Information
Standard status
Active
Size
11,357 SF
Class
A
Property subtype
Retail
Zoning
B2
Investment Type
Value Add
Building Details
Year Built
2010
Buildings
1
Stories
1
Units
1
Listing Agency:
Adelphia Properties
(630) 455-4495
Listed By:
George Spirrison, CCIM · License #IL 471002579
Source:
Crexi
Added: Jan 29
Changed: Aug 12
Last Checked: Aug 21 at 9:28AM
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 Adelphia Properties
Investment Insights
Based on property information with market context.
This freestanding Class A building offers 11,357 square feet of retail space. The building features a loading dock, high ceilings, and an ample power supply. Situated on a hard corner site, the property provides high visibility and easy accessibility, enhanced by monument signage and abundant parking. The location benefits from its position in Kenosha’s high-profile, densely traveled commercial thoroughfare corridor, near the signalized hard corner stoplight intersection of HWY 50 (75th St) and HWY 31 (Green Bay Rd), with combined traffic counts exceeding 63,700 vehicles per day. The area has a strong daytime population and residential density, with over 114,466 people living within a 5-mile radius and an average annual household income exceeding $115,175 within 1 mile. The property is located within Kenosha's premier retail corridor, surrounded by regional and national big-box retailers such as Meijer, Ross Dress for Less, Marshalls, Menards, Kohl's, Hobby Lobby, and Petco. It is also near dining and shopping options across Costco and Southport Plaza, with ample residential rooftops surrounding the site. This location is suitable for a retailer seeking exposure and brand recognition. The property is minutes from I-94 and the $1 billion Kenosha Innovation Neighborhood development site. The site has 219.40 linear feet of frontage.
Key Highlights
- Freestanding Class A building (11,357 SF) with loading dock, high ceilings, and ample power.
- High‑visibility hard corner location** in Kenosha's premier retail corridor with 219.40’ frontage.
- Robust high traffic counts:** 63,700+ VPD at the intersection of HWY 50 (75th St) & HWY 31 (Green Bay Rd).
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
$134,799
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
6.83%
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%
$2,695,980
$2.7M
Cap Rate 7%
$1,925,700
$1.9M
Cap Rate 9%
$1,497,767
$1.5M
Market Conditions
NOI Build-Up for 11,357 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
$204.4K $18.00/SF
− Vacancy
−$11.9K −$1.04/SF
EGI
$192.6K $16.96/SF
− OpEx
−$57.8K −$5.09/SF
NOI
$134.8K $11.87/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,695,980
Cap Rate 7%
$1,925,700
Cap Rate 9%
$1,497,767
Alternative Uses
Best Use
Retail
$1.93M
$1.68M – $2.25M
NOI $134,799 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$13.22M
$11.57M – $15.43M
NOI $925,550 @ 7.0% cap · market cap 46.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
400k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Shops & Services 20%
Groceries 20%
Home Improvements & Furnishings 17%
Meijer
Groceries
73,764 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
61,062 visits/mo
0.4 miles
Cinemark Tinseltown USA
Leisure
47,603 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
44,611 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
36,810 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail building in a high-traffic commercial corridor.
Where is this retail space located?
The property is located at 6905 75 Pl Kenosha, WI.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Freestanding Class A building (11,357 SF) with loading dock, high ceilings, and ample power.; High‑visibility hard corner location** in Kenosha's premier retail corridor with 219.40’ frontage.; Robust high traffic counts:** 63,700+ VPD at the intersection of HWY 50 (75th St) & HWY 31 (Green Bay Rd).
