5923 Green Bay RdKenosha, WI 53144

  • Other commercial real estate
  • 2,260 SF
For Sale
$750,000 View listing

Property Details for 5923 Green Bay Rd

Year built
1954
Lot size
1.28 AC
Property size (Sq ft)
2,260 SF
Zone code
B-1
Property type
Other commercial real estate
APN
80-4-222-344-0245
APU
8042223440245

Description

This exceptional investment opportunity presents a 2,260 square foot medical office building and a 1,620 square foot heated shop situated on a 1.28-acre lot along Highway 31 in Kenosha County, just north of 60th Street. The property, constructed in 1954 and extensively renovated in 2013, boasts a single-tenant occupancy. The medical office space is meticulously designed, featuring a welcoming patient waiting area, six exam rooms, two private offices, a dedicated lab area, a convenient break room, and two restrooms. The attached shop, fully insulated and heated, offers significant additional space and potential. The shop is currently available for lease at $8 per square foot. The property includes two buildings, each single-story, and provides ample parking with 12 spaces. This property is ideally located within a developing area, presenting a strong potential for future growth and appreciation. The combination of a well-established medical office and a versatile shop space makes this a unique and attractive investment opportunity. The property's size, location, and recent renovations make it a highly desirable asset in a growing market. This is a rare chance to acquire a turnkey medical facility with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $467,083
    Hospitality
    $427,846
    Educational
    $355,962
    Medical
    $368,205
    Retail
    $553,719
5923 Green Bay Rd, Kenosha, Wisconsin

Location Insight

City
Kenosha
County
Kenosha
State
Wisconsin
Latitude
42.5825
Longitude
-87.8832
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,815
$143,000
$207,000
$350,000
-
$199,780
$289,192
$488,972

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