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Listed by Compass Wisconsin-Lake Geneva
$2,499,900
Est. payment /mo
20,975 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,975 sqft
Price per Sqft $119
MLS Listing ID 1916811
Year Built 1963
Annual Tax Amount $24,999
Tax Year 2024
Lot Size 1.700 Acres
Acres 1.7
Property Description
This prime mixed-use property presents an exceptional investment opportunity with 4 commercial units on the first floor and 4 residential units across the second and third floors, currently generating reliable cash flow through existing leases. Positioned in a rapidly developing area, the property offers significant upside potential, including the possibility to add additional residential units for short-term or long-term rentals, as well as the opportunity to develop self-storage on the remaining land. With commercial zoning in place, this property allows for flexible future use, making it a strategic asset with the potential to increase both value and cash flow. Located just minutes from Lake Geneva and the WI/IL border, this is a highly desirable location for growth.
Location
State WI
County Kenosha
Zoning Commercial
Rooms
Basement None
Interior
Heating Central Air, Electric, Forced Air, Natural Gas
Cooling Central Air, Electric, Forced Air, Natural Gas
Flooring Unknown
Exterior
Exterior Feature Brick
Garage Spaces 30.0
Roof Type Composition,Rubber
Building
Water Municipal Sewer, Private Well
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