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Kenosha Downtown, LLC. 5715 6th Ave 8,152 SF Vacant Retail Building Kenosha, WI 53140 $1,695,000 ($207.92/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, Income Producing Asset
- Extensive Renovations, New glass storefronts, New PVC roof 2023, HVAC 2024, New fibre optic connectivity
- Prime Downtown Waterfront Location
- New owner could utilize entire 8,152 sq. ft. plus 8,152 sq. ft easy access lower level
EXECUTIVE SUMMARY
Exceptional opportunity to own a fully renovated, 100% occupied commercial building in the heart of Kenosha’s vibrant downtown and lakefront district.
This former Walgreens has been completely reimagined into three expansive street-level storefronts (approx. 2,700 SF each) plus a bright, fully leased lower level (8,152 SF total). Each storefront is larger than typical downtown spaces—offering soaring 15-ft ceilings, brand-new glass storefront systems with individual entrances, modern mechanicals, refreshed interiors, and unisex restrooms.
Key Highlights
• Total Size: 8,152 SF main level + 8,152 SF lower level
• Tenants: 100% leased to 4 diverse tenants (3 street level + 1 lower level fitness tenant)
• Renovations:
• New 2023 white PVC roof
• New HVAC (center space, 2024) + rooftop HVAC systems
• Updated lighting, separate utilities, and new fiber optic service
• Layout: Three distinct storefronts + bright lower level with two wide stairwells
• Rental Advantage: Each storefront is ~500 SF larger than most competing spaces in the area
Location Benefits
Situated in the Main Downtown corridor, just steps from:
• Lake Michigan shoreline, harbor, and marina
• Streetcar stop & Metra service to Chicago
• Museums, restaurants, shops, and cultural attractions
Investment Appeal
This is a turnkey, income-producing asset positioned to benefit from Kenosha’s ongoing downtown and harbor revitalization. Stable cash flow, excellent tenant mix, and prime location make it ideal for both investors and future owner-occupants.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$100,000
|
$12.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,000
|
$12.27
|
| Taxes |
$9,034
|
$1.11
|
| Operating Expenses |
$2,350
|
$0.29
|
| Total Expenses |
$11,384
|
$1.40
|
| Net Operating Income |
$88,616
|
$10.87
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $12.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $12.27 |
| Taxes | |
|---|---|
| Annual | $9,034 |
| Annual Per SF | $1.11 |
| Operating Expenses | |
|---|---|
| Annual | $2,350 |
| Annual Per SF | $0.29 |
| Total Expenses | |
|---|---|
| Annual | $11,384 |
| Annual Per SF | $1.40 |
| Net Operating Income | |
|---|---|
| Annual | $88,616 |
| Annual Per SF | $10.87 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Restaurant
- Tenant Controlled HVAC
ABOUT 5715 6TH AVE , KENOSHA, WI 53140
Prime Downtown Kenosha Waterfront Investment Property Exceptional opportunity to own a fully renovated, 100% occupied commercial building in the heart of Kenosha’s vibrant downtown and lakefront district. This former Walgreens has been completely reimagined into three expansive street-level storefronts (approx. 2,700 SF each) plus a bright, fully leased lower level (8,152 SF total). Each storefront is larger than typical downtown spaces—offering soaring 15-ft ceilings, brand-new glass storefront systems with individual entrances, modern mechanicals, refreshed interiors, and unisex restrooms. Key Highlights • Total Size: 8,152 SF main level + 8,152 SF lower level • Tenants: 100% leased to 4 diverse tenants (3 street level + 1 lower level fitness tenant) • Renovations: • New 2023 white PVC roof • New HVAC (center space, 2024) + rooftop HVAC systems • Updated lighting, separate utilities, and new fiber optic service • Layout: Three distinct storefronts + bright lower level with two wide stairwells • Rental Advantage: Each storefront is ~500 SF larger than most competing spaces in the area Location Benefits Situated in the Main Downtown corridor, just steps from: • Lake Michigan shoreline, harbor, and marina • Streetcar stop & Metra service to Chicago • Museums, restaurants, shops, and cultural attractions Investment Appeal This is a turnkey, income-producing asset positioned to benefit from Kenosha’s ongoing downtown and harbor revitalization. Stable cash flow, excellent tenant mix, and prime location make it ideal for both investors and future owner-occupants. ?
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Donna's Gymnastics
- Arts, Entertainment, and Recreation
- 2,700 SF
- -
- -
- -
- EM Dance
- Arts, Entertainment, and Recreation
- 5,400 SF
- -
- -
- -
Flex & Burn Fitness creator Gus Harris is a Certified Personal Trainer, earned a Masters in Business from Marquette University and an Economics degree from Carthage. He has been a Kenosha resident for over 20 years. After enduring 14 years in the fast paced corporate world, Gus decided it was time to end his stressful job and pursue what he believes he was created to do, helping people achieve their fitness goals and produce results… Gus is CPR and AED certified through the American Heart Association and has a training model that allows for focus solely on your needs as a client; his training program comes from 10 years of experience, research and dedication to the art of shaping better bodies. You can count on Gus to deliver the best results…. Gus is an avid runner with marathon achievements and has a strong background in personal training, boxing, soccer, track & field, self defense, biking and body building.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Donna's Gymnastics | Arts, Entertainment, and Recreation | 2,700 SF | - | - | - | |
| EM Dance | Arts, Entertainment, and Recreation | 5,400 SF | - | - | - | |
| Flex N Burn | Arts, Entertainment, and Recreation | - | - | Plus Utilities | Nov 2019 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Outstanding open and light industrial looking space! high ceilings, lots of light from new storefronts. etc.
Wonderful extra large retail space, or restaurant space in central Main street location! These storefronts are 35% bigger than comparable storefronts, (2,600 vs 1,900 sq. ft.) The building was former Downtown Walgreen's so location excellent. The building has been updated and broken into 3 retail storefronts. Each with new storefront glass and entrance. New PVC roof, HVAC, Fibre Optic connectivity.
Wonderful single story building, former Walgreens store, with 8,152contiguous space, plus 8,152 lower level space with high ceilings, dry, once used for inventory storage, and employee restrooms, etc. Great central downtown location. lots of nearby free public parking, 520 spaces within 2 blocks, including large public parking garage,
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,600 SF | Retail | - | Now |
| 1st Floor | 2,600 SF | Retail | - | Now |
| 2 | 2,600-2,952 SF | Medical | - | Now |
1st Floor
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2
| Size |
| 2,600-2,952 SF |
| Space Use |
| Medical |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,600 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Outstanding open and light industrial looking space! high ceilings, lots of light from new storefronts. etc.
1st Floor
| Size | 2,600 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Wonderful extra large retail space, or restaurant space in central Main street location! These storefronts are 35% bigger than comparable storefronts, (2,600 vs 1,900 sq. ft.) The building was former Downtown Walgreen's so location excellent. The building has been updated and broken into 3 retail storefronts. Each with new storefront glass and entrance. New PVC roof, HVAC, Fibre Optic connectivity.
2
| Size | 2,600-2,952 SF |
| Space Use | Medical |
| Position | - |
| Available | Now |
Wonderful single story building, former Walgreens store, with 8,152contiguous space, plus 8,152 lower level space with high ceilings, dry, once used for inventory storage, and employee restrooms, etc. Great central downtown location. lots of nearby free public parking, 520 spaces within 2 blocks, including large public parking garage,
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-223-31-489-017 | Total Assessment | $215,100 (2024) |
| Land Assessment | $32,700 (2024) | Annual Taxes | $9,034 ($1.11/SF) |
| Improvements Assessment | $182,400 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Presented by
Kenosha Downtown, LLC. | 5715 6th Ave
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