Property profile

4200 39th Ave Kenosha, WI 53144

OFF-MARKET
Other commercial real estate
Property ID
US92-0875404
319,640 SF 19.2 ac lot Built 1959
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a standalone industrial building in Kenosha, Wisconsin, providing 320,964 square feet of space. It is served by heavy electrical power service rated at 2,000 Amps with 480V, 3-phase power (verify). The site includes an ample parking lot to support vehicle access and loading, and the building has 22 dock doors plus 6 drive-in doors. The property is located approximately 10 minutes from I-94 and about 20 minutes north of Illinois, with major air transportation available via O’Hare International Airport (approximately 50 miles away) and General Mitchell International Airport (approximately 30 miles away). The building is designed to be divisible into spaces ranging from 30,000 to 320,964 square feet and is also described as adaptable for conversion to self-storage use.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1959
Total area 319,640 SF
Lot 19.2 ac (836,352 SF)
Zoning code M-1
APN 08-222-26-486-002
UPID US92-0875404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Trucking Company
  • Sports Field & Court Sports School
  • Warehouse & Storage
  • Warehouse & Storage

Location

4200 39th Ave Kenosha, WI 53144-1961
Kenosha metro Census 700 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.76M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.57M
Blend (final) Blend
$12.67M

Owner & transaction history

since 2021
Last sale
$14.4M
7 recorded transactions
2021
$877,100
2021
$14.4M
2021
$657,800
2021
$1.3M
2020
Price N/A
2015
$3.5M
2015
$875,000

Zoning & alternative use

M-1 · Kenosha, WI
Zoning description

reconstruction of an existing residential use in the M-1 or M-2 Districts, which has been damaged or destroyed by catastrophe or act of God, is permitted provided the reconstructed building does not exceed the original f…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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