Property profile

7529 88Th Ave Pleasant Prairie, WI 53158

FOR SALE
Commercial real estate
Property ID
US92-0877787
1,575 SF 2.05 ac lot Built 1960
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4.04-acre development site presents a rare opportunity in the thriving Pleasant Prairie, Wisconsin market. Located at 7529 88th Ave, this retail land parcel boasts a highly visible position along Highway 50, offering unparalleled exposure to significant traffic volume. Its strategic location places it in close proximity to established retail giants such as Costco and The Shoppes at Prairie Ridge, ensuring immediate access to a substantial customer base. The property's convenient access to Interstate 94 further enhances its appeal, providing effortless connectivity to regional and national markets. This versatile site is suitable for a variety of retail developments and offers the flexibility to be divided into smaller parcels, catering to diverse development needs. In addition to outright purchase, a ground lease option is also available, providing alternative investment avenues. This is one of the few remaining development sites in this prime location, making it a truly unique investment prospect. The property is zoned for shopping center use and is situated in Kenosha County, Wisconsin, with a zip code of 53158. The coordinates are 42.565985 latitude and -87.913139 longitude. This presents a compelling opportunity for investors seeking high-impact retail development in a rapidly growing area. Don't miss this chance to secure a piece of Pleasant Prairie's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 1,575 SF
Lot 2.05 ac (89,472 SF)
Zoning code B-1
APN 91-4-122-092-0220
UPID US92-0877787

Cap rate & NOI

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

Location

7529 88Th Ave Pleasant Prairie, WI 53158
Pleasant Prairie metro Census 2605 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2022
Price N/A
2016
Price N/A

Zoning & alternative use

B-1 · Pleasant Prairie, WI
Zoning description

B-1 Neighborhood Business District. [Amended 1-15-2007 by Ord. No. 07-01 ; 8-17-2009 by Ord. No. 09-47 ; 4-18-2011 by Ord. No. 11-10 ; 10-24-2011 by Ord. No. 11-32 ; 4-7-2014 by Ord. No. 14-08 ; 7-17-2017 by Ord. No. 17-…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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