Located on "The X" intersection of the two main streets in Lakefront Downtown Kenosha! Wonderful 3 story white Terra cotta facade vintage 1880"s building on corner lot, with attached outdoor patio. Also drive thru alley access on south side. The new Public parking lot is directly adjoining the property to the east.
The 1st level was gutted & renovated, into two distinct storefront spaces. The restaurant has been a long term tenant, over 17 years, and has wonderful outdoor eating area attached with vies of Historic streetcar. Each commercial space has hardwood oak floors, high ceilings, ADA bathrooms, HVAC, etc. Lots of light, and open area.
Each space has own dedicated lower level for storage. South space has ability for a drive up window access in alleyway entrance to parking lot.
The 2nd floor currently has four (4) offices, reception area, bathroom, and large conference room with Kitchenette. Upper floors could also be converted into residential apartments, two two bedrooms tow baths per floor. (a 2 bedroom/ 2 bath apartment typical lease for $1,550/month in Downtown)
Both 2nd & 3rd floor have views of lake, lighthouse, & boat harbor, streetcar, etc.
The property qualifies for the 25% Wisconsin state historical tax credit.
This property is located in the newly created economic Opportunity zone included within the new Federal tax law!! 100% tax free capital gains rollover if invested for 10 years!