5611 6th Ave - Restaurant FOR SALE


Kenosha, WI 53140- Downtown Kenosha
$2,095,000 USD
847-875-6386
5611 6th Ave, Kenosha, WI for Sale
$2,095,000 USD
Restaurant - FOR SALE
1/42
null | Request Cap Rate

5611 6th Ave
Kenosha, WI 53140
Downtown Kenosha


HIGHLIGHTS

  • Historical 1880's architectural details
  • Historical streetcar stop in front, with transport thru out downtown and to Metra train station
  • Views of lake, boat harbor, lighthouse, & streetcar
  • Three (3) stories plus basement
  • located on "the X" intersection of the two main cross streets in downtown
  • Opportunity zone - tax free capital gains!

OVERVIEW

Prime Downtown Kenosha Corner Landmark – Investment & Redevelopment Opportunity! Located on “The X” intersection of Kenosha’s two main downtown streets, this iconic 1880’s three-story white terra cotta façade building commands attention on a high-visibility corner lot with adjoining public parking and rare drive-through alley access. • 1st Floor: Fully renovated into two distinct storefronts with hardwood oak floors, soaring ceilings, ADA restrooms, HVAC, and abundant natural light. Long-term restaurant tenant (17+ years) enjoys an attached outdoor patio overlooking the historic streetcar line. South space offers potential for drive-up window service. New glass storefront systems (2021) feature sliding panels that open the spaces directly to the sidewalk for a vibrant open-air experience. • 2nd Floor: Four offices, reception area, kitchenette, conference room, and bathroom, former law practice, —ideal for professional use today, or convertible to residential apartments (two 2BR/2BA units per floor; downtown rents ~$2,450/month). • 3rd Floor: Similar configuration with stunning views of Lake Michigan, lighthouse, harbor, and historic downtown. • Basement: Dedicated storage areas for each commercial tenant. The property qualifies for the 25% Wisconsin state historical tax credit. This property is in the new economic Opportunity zone included within the new Federal tax law!! 100% tax free Capital Tax rollover!

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Trolley Square, LLC.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B-3 Central Business

APN/PARCEL ID

12-223-31-408-007

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 Notice.