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    302 58Th St Kenosha, WI 53140

    Sponsored
    For Sale
    $2,300,000

    Prime 1.55-acre lakefront development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.55-acre commercial and residential land parcel, located at 302 58th St, Kenosha, WI 53140, presents a remarkable redevelopment opportunity. Boasting stunning Lake Michigan and harbor views, this property comprises two separate tax parcels (APN: 12-223-32-351-004, 12-223-32-351-001) and two existing buildings. The main structure is a three-story masonry building featuring two commercial kitchens, three bars, and breathtaking lakefront vistas. A charming two-story cream city brick carriage building provides additional storage space. Currently utilized for special events, weddings, and hall rentals, this B-3 zoned property offers immense potential for a variety of uses. Its prime location and expansive size make it an ideal investment for developers seeking a high-impact project in a desirable Kenosha location. The asking price is $2,300,000. Ownership is held by JFM-SMM. This is a truly unique opportunity to acquire a premier Kenosha property with significant upside.

    Property Features for 302 58Th St

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • $2,300,000 asking price for 1.55 acres of commercial/residential land.
    • Located at 302 58th St, Kenosha, WI 53140, Kenosha County.
    • B‑3 zoning.
    • Two parcels (APN: 12‑223‑32‑351‑004, 12‑223‑32‑351‑001) with two buildings; a three‑story masonry building with commercial kitchens and bars, and a two‑story cream city brick carriage building.
    • Lake Michigan and boat harbor views.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Marina Shores Event Venue Mark's Catering Banquet Hall

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.8150944
    Latitude
    42.5839746

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    FAQs

    What type of property is this?
    Land - Prime 1.55-acre lakefront development site
    Where is this land located?
    The property is located at 302 58Th St Kenosha, WI.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for 1.55 acres of commercial/residential land.; Located at 302 58th St, Kenosha, WI 53140, Kenosha County.; B-3 zoning.
    (262) 496-8883
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    Realmo Value Estimation

    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.

    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.

    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
    302 58Th St Kenosha, WI 53140
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