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Kenosha Main Street, LLC. 5522 6th Ave
37,800 SF 14% Leased Retail Building Kenosha, WI 53140 £2,567,532 (£68/SF)
Investment Highlights
- Cornerstone building in the heart of lakefront Downtown
- Historic Streetcar passes in front, transports thru downtown and to Metra train
- located within 3 blocks of two downtown hotels, Wyndham Hotel, (Waterfront) and La Stella Hotel & ballroom, (Boutique Hotel)
- Views of lake Michigan, lighthouse & boat harbor
- Three (3) public parking lots within 2 blocks, 2 additional tax parcels, currently used for surface parking, could be developed for residential
- Opportunity Zone - tax free capital gains
Executive Summary
This is a great opportunity to utilize the prime location space for a new venture!!! This is the 1st time in 90 years that there is no ing term lease, so great development opportunity.
Building has elevator, and has separate stairwell access to 56th street,(streetcar) and stairwell access to parking lot. Also a 3rd stairwell inside to common lobby.
The property consist of three (3) tax parcels, 1 for building, and 2 for surface parking lot. Adjoining lots could be built on for future multistory development.
Views of lake Michigan & boat harbor. One of the very best buildings in Downtown Kenosha! (pop. 100,000), Kenosha County (pop. 167,000). Located between Milwaukee & Chicago, on Lake Michigan.
Great future income opportunity with available 2nd floor loft office, 10 executive offices, large conference room, lunchroom, women's & men's restrooms, large open areas, etc.
This property qualifies for the 25% Wisconsin Historical Credit.
Currently over $90 Million in capital projects in progress! With more to come!
This property is located in the new Opportunity zone contained within the new Federal tax law! 100% tax free capital gains rollover, plus if invested for 10 years.
Financial Summary (Actual - 2020) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£13,345
|
£0.35
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£13,345
|
£0.35
|
Financial Summary (Actual - 2020)
| Taxes | |
|---|---|
| Annual | £13,345 |
| Annual Per SF | £0.35 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £13,345 |
| Annual Per SF | £0.35 |
Property Facts
Amenities
- Banking
- Bus Route
- Commuter Rail
- Corner Lot
- Public Transport
- Restaurant
- Signage
- Waterfront
About 5522 6th Ave , Kenosha, WI 53140
Wonderful historic limestone corner building! Located in the heart of Downtown Kenosha. Historic streetcar passes out front which connects to Metra commuter train with service to Chicago. Lots of dedicated on site parking. Building built as bank in 1923 and has been Kenosha's largest and most active bank ever since! Building has elevator, and has separate stairwell access to 56th street,(streetcar) and stairwell access to parking lot. Also a 3rd stairwell inside to common lobby. The property consist of three (3) tax parcels, 1 for building, and 2 for surface parking lot. Views of lake Michigan & boat harbor. One of the very best buildings in downtown Kenosha (pop. 100,000), Kenosha County (pop. 167,000). Located between Milwaukee & Chicago, on Lake Michigan. Great future income opportunity with available 2nd floor loft office, 10 executive offices, large conference room, lunchroom, women's & men's restrooms, large open areas, etc. This property qualifies for the 25% Wisconsin Historical Credit. Currently over $90 Million in capital projects in progress! With more to come! This property is located in the new Opportunity zone contained within the new Federal tax law! 100% tax free capital gains rollover if invested for 10 years!
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Bright from the Start
- -
- 6,718 SF
- -
- Jul 2019
- JPMorgan Chase Bank, NA
- -
- 10,740 SF
- -
- Jan 2020
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Bright from the Start | - | 6,718 SF | - | Jul 2019 | ||
| JPMorgan Chase Bank, NA | - | 10,740 SF | - | Jan 2020 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
PRIME Corner Location on the "X" intersection in heart of Lakefront Downtown Kenosha! This high visibility location has until now always been a bank. Beginning in 2020, this outstanding corner space can now be utilized for an exciting new venture!
wonderful 1st floor space with lots of windows and walk in access from asking lot, and main street.
- 2nd Floor
- 17,000 SF
- Office
- -
- Now
- 2nd Floor
- 4,000 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,500 SF | Office/Retail | - | Now |
| 1st Floor | 5,300 SF | Retail | - | 90 Days |
| 2nd Floor | 17,000 SF | Office | - | Now |
| 2nd Floor | 4,000 SF | Office | - | Now |
1st Floor
| Size |
| 11,500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 5,300 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 90 Days |
2nd Floor
| Size |
| 17,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 11,500 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
PRIME Corner Location on the "X" intersection in heart of Lakefront Downtown Kenosha! This high visibility location has until now always been a bank. Beginning in 2020, this outstanding corner space can now be utilized for an exciting new venture!
1st Floor
| Size | 5,300 SF |
| Space Use | Retail |
| Position | - |
| Available | 90 Days |
wonderful 1st floor space with lots of windows and walk in access from asking lot, and main street.
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £567,148 (2023) | |
| Land Assessment | £173,170 (2023) | Annual Taxes | £13,345 (£0.35/sf) |
| Improvements Assessment | £393,978 (2023) | Tax Year | 2020 |
PROPERTY TAXES
-
Paul McDonough -
Clovis Point Llc
Presented by
Kenosha Main Street, LLC. | 5522 6th Ave
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