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    OFF-MARKET
    Retail properties & Spaces

    0 Silver Lk, Silver Lake, WI 53170

    5,500 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5,500 square foot retail and restaurant space in Kenosha County offers a unique opportunity. Currently fully vacant, the property features two divisible spaces, with a minimum of 2,000 square feet and a maximum contiguous space of 3,500 square feet. The property boasts a highly desirable location in Silver Lake, known for its vibrant atmosphere and proximity to popular neighborhoods. The space includes 52 indoor and 100 outdoor seats, perfect for a restaurant or similar establishment. A significant advantage is the inclusion of a Type 47 liquor license, allowing for on-site alcohol sales and consumption. The lease runs through 2031 with a single five-year option. The monthly rent is $25,683, with a key money requirement of $500,000. Parking is readily available with four dedicated garage spots plus valet service for events. A live music permit allows for outdoor performances until 9 pm on weekdays and 10 pm on weekends. Hours of operation are 11:00 am to 2:00 am daily for the interior space and 11:00 am to midnight daily for the exterior space. This turnkey operation presents a rare chance to establish a thriving business in a sought-after location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 5,500 SF
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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