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    OFF-MARKET
    Commercial real estate

    24231 75th St, Salem, WI 53168-9701

    1,730 SF 0.29 ac lot Built 1930
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US92-1980748
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1930
    Total area 1,730 SF
    Lot 0.29 ac (12,632 SF)
    Zoning code B-1
    APN 40-4-120-112-1020
    UPID US92-1980748
    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
    • Los Tres Lagos Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Friselda Puebla · 3 yrs held
    Friselda Puebla
    since 2022
    Last sale
    $100,000
    4 recorded transactions
    2023
    2022
    $100,000
    2021
    $235,000
    2018
    $267,400
    Zoning & alternative use
    B-1 · Salem, WI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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