Retail Space with Open Floor
For Sale
$225,000
716 43rd St, Kenosha, WI 53140
B2-zoned commercial space features tall ceilings, large windows, and a flexible interior for build-out or continued use.
Property Size1,144 SF
Price / SF$196.68
Days on Market48
Property Features for 716 43rd St
General Information
Standard status
Active
Size
1,144 SF
Zoning
B2
Building Details
Year Built
1921
Listing Agency:
RE/MAX ELITE
Listed By:
Shannyn Franklin · License #8978194
(262) 960-5182
Source:
Nikolicgroup
Added: Aug 28
Changed: Sep 13
Last Checked: Oct 7 at 3:50PM
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 RE/MAX ELITE
Investment Insights
Based on property information with market context.
This retail property includes more than 1,100 square feet of commercial space with an open interior arrangement, high ceilings, large windows, and finished flooring. The layout can accommodate a customized build-out or continued use in its current configuration. Built in 1921, the property carries B2 zoning and is positioned for retail-oriented commercial use.
The site is near the business district, downtown area, and Lake Michigan. Additional exterior space at the rear may support expanded parking or a future addition, subject to applicable approvals. The property is located at 716 43rd Street in Kenosha, Wisconsin.
The site is near the business district, downtown area, and Lake Michigan. Additional exterior space at the rear may support expanded parking or a future addition, subject to applicable approvals. The property is located at 716 43rd Street in Kenosha, Wisconsin.
Key Highlights
- More than 1,100 square feet of retail space
- B2 zoning supports a flexible commercial configuration
- Open floor plan with high ceilings and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,396
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,920
$287.9K
Cap Rate 7%
$205,657
$205.7K
Cap Rate 9%
$159,956
$160.0K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$24.0K $21.00/SF
− Vacancy
−$4.8K −$4.22/SF
EGI
$19.2K $16.78/SF
− OpEx
−$4.8K −$4.19/SF
NOI
$14.4K $12.58/SF
Area
Kenosha County, WI
Vacancy
20.10%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,920
Cap Rate 7%
$205,657
Cap Rate 9%
$159,956
Alternative Uses
Best Use
Office B
$205.7K
$180.0K – $239.9K
NOI $14,396 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$194.0K
$169.7K – $226.3K
NOI $13,578 @ 7.0% cap · market cap 6.03%
Theoretical Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,231 @ 7.0% cap · market cap 41.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - B2-zoned commercial space features tall ceilings, large windows, and a flexible interior for build-out or continued use.
Where is this retail space located?
The property is located at 716 43rd St Kenosha, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: More than 1,100 square feet of retail space; B2 zoning supports a flexible commercial configuration; Open floor plan with high ceilings and large windows
