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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Commercial real estate
302 58th St Kenosha, WI 53140-4218
Entity Owned
Absentee Owner
Free & Clear
Property ID
US92-0212198
Property summary
AI-generated overview
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 profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1921
Total area
30,910 SF
Lot
0.6 ac (26,136 SF)
Zoning code
B-3
APN
12-223-32-351-004
UPID
US92-0212198
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Marina Shores Hotel & Motel Resort
-
Mark's Catering Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.10M
Owner & transaction history
JFMSMM LLC
JFMSMM LLC
Zoning & alternative use
B-3 · Kenosha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kenosha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenosha submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,598
Tax year 2023
Assessed value
$941,900
Assessed 2023
Previous assessed
$941,900
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$209,100
Assessed improvement
$732,800
Land market value
$305,041
Improvement market value
$1,069,029
Total market value
$1,374,070
Applied tax rate
241.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1921
Heating
YES
Stories
2
Total area
30,910 SF
Lot
0.6 ac (26,136 SF)
Zoning code
B-3
APN
12-223-32-351-004
UPID
US92-0212198
Jurisdiction
KENOSHA
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Kenosha, WI
Zoning B-3 · permitted uses
B-3 · Kenosha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kenosha. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1921
Heating
YES
Stories
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
JFMSMM LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1625 216TH AVE, UNION GROVE, WI 53182-9430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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