Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kenosha Industrial Land For Sale Title is generated by Realmo AI

    I-94 and 38th Street, Kenosha, WI 53144

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    52.20 acres of industrial land ready for immediate development.

    Type:Industrial
    Lot size:
    52.20 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    86
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for I-94 and 38th Street

    General Information

    Standard status
    Active
    Lot size
    52.20 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Mark Baumhart CCIM
    Mark Baumhart CCIM

    Listing agent Mark Baumhart CCIM License #475133590

    Listing office NAI Hiffman

    Listing date Mar 6, 2026

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Hiffman

    HighLights

    • Ready for immediate development with all utilities at the site's perimeter.
    • Prime location with excellent access to I‑94 via two 4‑way interchanges, midway between Chicago and Milwaukee.
    • Located across from Amazon's new 1.6 MSF E‑commerce fulfillment center.
    • Industrial zoning and potential for TIF district benefits.
    • Pro‑business community with prominent corporate neighbors including ULine, Amazon, Silgan and FoxConn.
    • Lake Michigan water access.

    Overview

    Located on 38th Street and I-94, this 52.20-acre industrial land parcel in Kenosha, WI, is available for sale or build-to-suit. The site is zoned industrial and is ready for immediate development. All utilities are located at the site’s perimeter. The property benefits from its location in a TIF district and its proximity to corporate neighbors, including ULine, Amazon, Silgan, and FoxConn. Situated midway between Chicago and Milwaukee, the property offers access at the I-94, 4-way interchange. It is located across from Amazon’s new 1.6 MSF E-commerce fulfillment center, 1.0 mile to I-94 / Hwy 142 interchange, and 1.3 miles to I-94 / Hwy 158 interchange. General Mitchell Airport is 23.84 miles away, and O’Hare International Airport is 44.36 miles away. The location benefits from high traffic volume, with 95,400 vehicles per day on I-94. Lake Michigan water is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.8226
    Latitude
    42.6028

    Nearby Similar for Sale

    • $810,000
      6,100 SF

      Kenosha Warehouse with Automotive Units

      6,100 SF building on 0.44 acres, ideal for investors.
      1329 43rd St, Kenosha, WI 53140
      View Details
    • $950,000
      9,975 SF

      Kenosha Retail Building For Sale

      Approximately 10,000 square foot retail building in Kenosha, Wisconsin.
      4017 80th St, Kenosha, WI 53142
      View Details
    • $650,000
      2,700 SF

      Remodeled Commercial Suite in Kenosha

      Flexible commercial suite with abundant parking and easy access.
      4235 Green Bay Rd, Kenosha, WI 53144
      View Details
    • $850,000
      28,148 SF

      Historic Kenosha Theater with Mixed-Use Potential

      Rare Kenosha property with retail, office, and theater spaces.
      5819 6th Ave, Kenosha, WI 53140
      View Details
    • $570,000

      Kenosha Commercial Property with Licenses

      Family-owned business with licenses, fixtures, and equipment included.
      2827 63rd Street, Kenosha, WI 53143
      View Details
    • $895,000
      3,784 SF

      Kenosha Tavern with Apartment Above

      Established tavern with apartment and additional land near Carthage College.
      1548 Sheridan Rd, Kenosha, WI 53140
      View Details
    • $218,000

      Kenosha Multi-Unit Investment Opportunity

      Multi-unit property with income potential in a convenient Kenosha location.
      6621 18th Ave, Kenosha, WI 53143
      View Details
    • $495,000
      1,976 SF

      Mixed-Use Property in Kenosha, WI

      Mixed-use property with salon and apartment plus adjacent lot.
      6103 23rd Ave, Kenosha, WI 53143
      View Details
    • $1,688,681

      Freestanding Burger King with Drive-Thru

      Single tenant Burger King with drive-thru in Kenosha, Wisconsin.
      6945 75th St , Kenosha, WI 53142
      View Details
    • $850,000

      Prime Commercial Land Opportunity

      Commercial development land with easy access and good visibility.
      12901 Burlington Road, Kenosha, WI 53144
      View Details
    • $850,000

      Kenosha Commercial Development Land

      Prime commercial land with easy access and good visibility.
      12901 Burlington Rd, Kenosha, WI 53144
      View Details
    • $350,000

      Established Bar and Music Venue

      Well-maintained corner property with updates and outdoor space.
      1724 52nd St, Kenosha, WI 53140
      View Details

    FAQs

    What type of property is this?
    Industrial land - 52.20 acres of industrial land ready for immediate development.
    Where is this industrial land located?
    The property is located at I-94 and 38th Street Kenosha, WI.
    What are key features of this property?
    This property features: Ready for immediate development with all utilities at the site's perimeter.; Prime location with excellent access to I‑94 via two 4‑way interchanges, midway between Chicago and Milwaukee.; Located across from Amazon's new 1.6 MSF E‑commerce fulfillment center.
    (630) 691-0550
    We can help!
    Listing Contact
    Mark Baumhart CCIM
    Mark Baumhart CCIM
    Real Estate License ID: 475133590
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    I-94 and 38th Street, Kenosha, WI 53144
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!