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    Silver Lk Silver Lake, WI 53170

    For Lease
    Contact for pricing

    Prime Silver Lake location; two spaces available.

    Lot size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    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 Features for 0 Silver Lk

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,500 SF

    Unit(s) available at that property

    Space
    Exterior Space
    Size
    3,500 SF
    Space
    Interior Space
    Size
    2,000 SF

    HighLights

    • 5,500 square foot retail/restaurant space available in Kenosha County.
    • Divisible into spaces ranging from 2,000 to 3,500 square feet.
    • Monthly rent: $25,683.
    • Key money: $500,000.
    • Includes a Type 47 liquor license.
    • Lease term extends to 2031 with a five‑year option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Silver Lake
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -88.16329
    Latitude
    42.5509976

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    FAQs

    What type of property is this?
    Restaurant - Prime Silver Lake location; two spaces available.
    Where is this restaurant located?
    The property is located at Silver Lk Silver Lake, WI.
    What are key features of this property?
    This property features: 5,500 square foot retail/restaurant space available in Kenosha County.; Divisible into spaces ranging from 2,000 to 3,500 square feet.; Monthly rent: $25,683.
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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
    Silver Lk Silver Lake, WI 53170
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