Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Neq Of I-94 & Hwy 165 Pleasant Prairie, WI 53158

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Land, Pleasant Prairie, WI

    Property Features for 0 Neq Of I-94 & Hwy 165

    General Information

    Property type
    Land
    Lot Size
    534,481 SF

    We can help!

    Listing Contact
    Mike Fitzgerald
    Mike Fitzgerald

    Listing Agency: Mid America Real Estate Milwaukee Listing Agent: Mike Fitzgerald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial land offering presents a unique investment opportunity in the thriving Pleasant Prairie, Wisconsin market. Located at the NEQ of I-94 & Hwy 165, this property encompasses 12.27 acres (divisible) and is zoned B-6, allowing for a wide range of commercial development possibilities. The site benefits from its strategic location near significant recent investments, including a new $242 million, 500,000 square foot Haribo plant creating 450 jobs, a $130 million, 200,000 square foot Aurora Health Care medical facility, and Uline's new 275,000 square foot corporate headquarters and 1.2 million square foot warehouse employing 2,400. Further bolstering the area's economic growth is FoxConn's commitment to a $10 billion factory in the region, projected to create up to 10,000 jobs. Pleasant Prairie's robust growth, evidenced by a 12.6% population increase since 2000, and its proximity to Milwaukee (30 minutes) and Chicago (1 hour), make this a highly desirable location for commercial development. Individual lots are available: 3.592 acres priced at $11 per square foot, and a 6.43-acre parcel (divisible) also priced at $11 per square foot. The entire 12.27-acre parcel is also available for purchase at $9 per square foot. This presents a compelling opportunity to capitalize on the region's exceptional economic momentum and burgeoning commercial landscape. The property is broker co-op.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pleasant Prairie
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.9519043
    Latitude
    42.529089

    Nearby Similar for Sale

    • Contact for pricing
      50,232 SF

      50,232 SF Freestanding Industrial Building

      50,232 SF industrial building on 4.12 acres.
      86th Ave And Hwy, Pleasant Prairie, WI
      View Details
    • Contact for pricing
      50,232 SF

      Industrial Building in Pleasant Prairie

      50232 SF industrial building available for sale.
      86th Ave. & Hwy 165, Pleasant Prairie, WI 53158
      View Details
    • $449,900

      New Condominium in Pleasant Prairie

      Luxury condominium with pond views, move-in ready September 2025.
      9200 66Th Ave, Pleasant Prairie, WI 53158
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Pleasant Prairie, WI
    Where is this land located?
    The property is located at Neq Of I-94 & Hwy 165 Pleasant Prairie, WI.
    What are key features of this property?
    This property features: Lot 1: 3.59 acres, $11/SF.; Lot 3: 6.43 acres (divisible), $11/SF.; Lot 5: 12.27 acres (divisible), $9/SF.
    (262) 613-3888 Call to check price and availability
    Request Owner's contact information
    Neq Of I-94 & Hwy 165 Pleasant Prairie, WI 53158
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Neq Of I-94 & Hwy 165
    Pleasant Prairie, WI 53158
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Neq Of I-94 & Hwy 165 Pleasant Prairie, WI 53158
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Fitzgerald
    Mike Fitzgerald
    Real Estate License ID: 5555294
    (262) 613-3888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!