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Property profile & analytics
OFF-MARKET Estimated value $75,000
Commercial real estate

24231 75th St Salem, WI 53168-9701

1,730 SF 0.29 ac lot Built 1930
Individually Owned 4-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
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k
Owner & transaction history
Friselda Puebla · 4 yrs held
Friselda Puebla
since 2022
Last sale
$100,000
4 recorded transactions
2023
Price N/A
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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