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5136 Sheridan Rd
Kenosha, WI 53140
Redevelopment Site - Downtown Kenosha · Land For Sale · 3.98 AC
Investment Highlights
- High profile and traffic site.
- Adaptable site and building onsite.
- Located in an Opportunity and New Market Tax Credit Zone.
Executive Summary
PROPERTY FACTS
Sale Type | Owner User | Property Subtype | Commercial |
Sale Conditions | Redevelopment Project | Total Lot Size | 3.98 AC |
No. Lots | 1 | Opportunity Zone |
Yes
|
Property Type | Land |
Sale Type | Owner User |
Sale Conditions | Redevelopment Project |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Total Lot Size | 3.98 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $2,995,000 | Lot Size | 3.98 AC |
Price Per AC | $752,513 |
Price | $2,995,000 |
Price Per AC | $752,513 |
Lot Size | 3.98 AC |
Large adaptable site with a long range plan for commercial but also high density multi-family use potential.
Description
Redevelopment site consisting of ten (10) separate tax key parcel numbers totaling an overall 3.98 acres or 169,448 square feet. Property assemblage is improved with a vintage warehouse containing 34,000 square feet with a full basement containing 34,000 square feet. Property redevelopment could be utilized for a number of uses including commercial, multi-family, institutional/office and is located within an opportunity and NMTC zones, kitty corner to the large mixed use, $450 million downtown mixed use project. Ten (10) tax key parcel numbers included in the sale are: 12-223-31-155-006, 12-223-31-155-005, 12-223-31-158-002, 12-223-31-158-001, 12-223-31-158-004, 12-223-31-158-003, 12-223-31-158-007, 12-223-31-158-008, 12-223-31-157-022 and 12-223-31-157-017. Property highlights include: High profile site located at the northwest corner of Sheridan Road (STH “32”) and 52nd Street (STH “158”). Building and property assemblage primed for redevelopment with a number of adaptable uses including commercial, office, health care, or multi-family. Located north of the proposed City Hall, public parking garage, and Performing Arts Center, as well as the proposed $450 Million Development Plan in the Downtown Neighborhood. Located within an Opportunity Zone and New Market Tax Credit zone.
zoning
Zoning Code | B-3, M-1, M-2 (Long range plan for commercial, mixed use or possibly high density multi-family.) |
B-3, M-1, M-2 (Long range plan for commercial, mixed use or possibly high density multi-family.) |