Commercial real estate in Kenosha, Wisconsin, offers a unique investment opportunity for those looking to capitalize on the city's growing economy. With a diverse range of industries, including manufacturing, healthcare, and professional services, Kenosha provides a strong foundation for commercial properties. As a hub for education, with institutions like the University of Wisconsin-Parkside and Carthage College, Kenosha attracts a mix of students, professionals, and families, creating a demand for commercial spaces. The city's infrastructure, including the Kenosha Public Safety building, Kenosha County Courthouse, and Kenosha Regional Airport, supports businesses and residents alike. Additionally, Kenosha's location, approximately 32 miles south of Milwaukee and 49 miles north of Chicago, makes it an attractive option for companies looking to establish a presence in the region. With 45 commercial real estate listings available, investors can find opportunities that fit their needs, from office spaces to retail centers.
Kenosha's commercial real estate market is part of a larger landscape that includes industrial properties, such as warehouses and distribution centers, which support the city's manufacturing sector. Apartment buildings, like those in the Downtown area, cater to the city's growing population of students and professionals. Office properties, including those in the Uptown area, provide space for businesses and entrepreneurs. Hotels, like those near the Kenosha Regional Airport, serve visitors and travelers. With a range of commercial properties available, Kenosha offers investors a diverse portfolio of opportunities. The city's economic growth, driven by major employers like Snap-on Inc. and Jockey International, ensures a strong demand for commercial spaces. As a result, investing in commercial real estate in Kenosha can be a savvy business move, with the potential for long-term returns.
What financing options are available for purchasing commercial real estate?
When it comes to purchasing commercial real estate in Kenosha, Wisconsin, there are several financing options available to investors and business owners, including:
- SBA 504 loans, which offer fixed-rate financing for up to 20 years and require a down payment as low as 10%;
- Conventional commercial mortgages, which can provide financing for up to 75% of the property's value and offer flexible repayment terms;
- Private money lending, which can provide quick access to capital for investors and developers, often with more flexible terms than traditional lenders.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Kenosha, Wisconsin, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.93%, investors can gauge the property's profitability, taking into account the average price per square foot of $213 USD and average size of 53,750 square feet, as well as the largest available property spanning 702,793 square feet.
Understanding cap rates is essential for commercial real estate investors, as it helps them evaluate the property's value and potential income. To learn more about cap rates and their significance in commercial real estate investing, check out our article on what is a cap rate, which provides an in-depth explanation of this critical metric. With 45 available listings of commercial real estate in Kenosha, investors have a range of options to choose from, making it essential to carefully consider cap rates when making a purchase decision.
What is considered a commercial property?
In Kenosha, Wisconsin, a commercial property is generally considered to be a building or land used for business or commercial activities, such as office spaces, retail stores, restaurants, warehouses, and manufacturing facilities. These properties can range in size from 53,750 square feet to 702,793 square feet, and are often located in areas with high foot traffic and easy access to major transportation routes, like I-41/I-94/US 41 and the Metra Kenosha station.
