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115-125 56th St - Harbor Place

4,776 SF Office Condo Unit Offered at $899,000 in Kenosha, WI 53140

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Investment Highlights

Located in opportunity zone

High foot traffic

Property Facts

Price	$899,000	Floors	2
Unit Size	4,776 SF	Typical Floor Size	14,000 SF
No. Units	1	Year Built	2007
Total Building Size	28,000 SF	Lot Size	0.65 AC
Property Type	Retail (Condo)	Parking Ratio	1.07/1,000 SF
Property Subtype	Storefront Retail/Residential General Retail Bar General Retail Storefront Retail/Office Office Medical	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment or Owner User	Sale Conditions	Build to Suit
Building Class	B

Price	$899,000
Unit Size	4,776 SF
No. Units	1
Total Building Size	28,000 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Residential General Retail Bar General Retail Storefront Retail/Office Office Medical
Sale Type	Investment or Owner User
Building Class	B
Floors	2
Typical Floor Size	14,000 SF
Year Built	2007
Lot Size	0.65 AC
Parking Ratio	1.07/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions	Build to Suit

1 Unit Available

Unit 115

Unit Size	4,776 SF	Cap Rate	9.25%
Price	$899,000	NOI	$83,157.50
Price Per SF	$188.23	No. Parking Spaces	30
Condo Use	Office	Sale Conditions	Build to Suit
Sale Type	Investment or Owner User

Unit Size	4,776 SF
Price	$899,000
Price Per SF	$188.23
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	9.25%
NOI	$83,157.50
No. Parking Spaces	30
Sale Conditions	Build to Suit

Description

Zoned B-3 allows for many uses including, offices, grocers, cafe, restaurant, bar/tavern, retail and more. Currently built out with the future in mind, this property boasts commercial kitchen amenities, 2 multi stall bathrooms, offices, reception area, dining/hall area and storage. Location is desirable for an investor or end user that will have the advantage of high foot and traffic counts, museums, festivals, Lake Michigan, and
Harbor Market right outside your door! Within one of two main Opportunity Zones in the Kenosha city limits. A great investment opportunity!

Sale Notes

For sale or lease! Unite can be divided into 3 separate units. Perfect for special use! Commercial Unit now available in Kenosha's coveted Harbor and Downtown area! Located in the heartbeat of the Harbor, this 4776sqft building offers year round exposure, accessibility and convenience.

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