24231 75th St, Salem, WI 53168-9701
This 1,730-square-foot warehouse, situated on a 0.29-acre lot in Kenosha County, presents a unique investment opportunity. Built in 1930, the single-story building features a ceiling height of 8'-10' and ample parking with 15 spaces. Currently vacant, this property is zoned B-1 and boasts a prime location on a four-lane Highway 50 in Paddock Lake, offering excellent visibility and accessibility. The property's previous use was a remodeled restaurant/bar with seating for approximately 100 guests, showcasing its potential for various commercial ventures. Enjoy scenic views of the lake and Old Settlers Park. The property's APN is 4041201121020. This is a single-tenant property ideal for a business seeking high visibility and a desirable location. The building's size and parking capacity make it suitable for a range of commercial uses. The property's history as a successful restaurant/bar demonstrates its potential for a thriving business. The location on Highway 50 ensures high traffic volume and exposure. The picturesque views of the lake and park add to the property's appeal.
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Los Tres Lagos Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Salem, WISalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.