5810 6th Ave - Storefront Retail/Residential FOR SALE


Kenosha, WI 53140
$565,000 USD
847-875-6386
5810 6th Ave, Kenosha, WI for Sale
$565,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate

5810 6th Ave
Kenosha, WI 53140


HIGHLIGHTS

  • Great main street location!
  • Walk to Metra train station with service to Chicago!
  • commercial 1st floor & Residential on second
  • Opportunity Zone - tax free capital gains
  • Qualifies for 25% state of Wisconsin Historical tax credit

OVERVIEW

Great 2 story in good central Main Street location! Completely new storefront facade installed in 2023, all new glass, and doors. Inside has hardwood floors, large unisex restroom, Clean & Bright, with great mix of historical & New. New Central air conditioning, updated electric, etc. Second floor, two 2 bedroom, 1 bath apartments, each with own utilities. New 2nd floor windows. Good income potential. Great for commercial business owner, or use residential, and lease out 1st floor. This building qualifies for 25% historical tax credit program form State of Wisconsin. This building is in newly created Economic Opportunity Zone under new Federal tax law!! 100% tax free capital gains if invested for 10 years! This investment is a capital appreciation play into a Lakefront Downtown, (pop 100,000) which is undergoing a strong revitalization. There is over $450 Million in approved and in process capital projects underway in the downtown area.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kenosha Key, LLC.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1896

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,785 SF

ZONING

B-3 Central Business Dist

APN/PARCEL ID

12-223-31-480-017

ASK ABOUT THIS PROPERTY

Paul McDonoughClovis Point LlcMore Info
847-875-6386

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Paul McDonoughClovis Point LlcMore Info
847-875-6386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.