Kenosha Main Street, LLC. 5522 6th Ave

Investment Highlights

Cornerstone building in the heart of lakefront Downtown Historic Streetcar passes in front, transports thru downtown and to Metra train located within 3 blocks of two downtown hotels, Wyndham Hotel, (Waterfront) and La Stella Hotel & ballroom, (Boutique Hotel) Views of lake Michigan, lighthouse & boat harbor Three (3) public parking lots within 2 blocks, 2 additional tax parcels, currently used for surface parking, could be developed for residential Opportunity Zone - tax free capital gains

Executive Summary

Wonderful historic limestone corner building! Located in the heart of Downtown Kenosha! Historic streetcar passes out front which connects to Metra commuter train with service to Chicago. Lots of dedicated on site parking via 2 adjoining lots. Building was built as bank in 1923 and has great exterior historic charm, with updated interior. The JP Morgan Chase brand has closed this location. The prime corner space is available.This is a great opportunity to utilize the prime location space for a new venture!!! This is the 1st time in 90 years that there is no ing term lease, so great development opportunity.Building has elevator, and has separate stairwell access to 56th street,(streetcar) and stairwell access to parking lot. Also a 3rd stairwell inside to common lobby.The property consist of three (3) tax parcels, 1 for building, and 2 for surface parking lot. Adjoining lots could be built on for future multistory development.Views of lake Michigan & boat harbor. One of the very best buildings in Downtown Kenosha! (pop. 100,000), Kenosha County (pop. 167,000). Located between Milwaukee & Chicago, on Lake Michigan.Great future income opportunity with available 2nd floor loft office, 10 executive offices, large conference room, lunchroom, women's & men's restrooms, large open areas, etc. This property qualifies for the 25% Wisconsin Historical Credit.Currently over $90 Million in capital projects in progress! With more to come! This property is located in the new Opportunity zone contained within the new Federal tax law! 100% tax free capital gains rollover, plus if invested for 10 years.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant Office Medical General Retail Health Club Office Telecom Hotel Data Hosting Restaurant
• Building Size    37,800
• Building Class    C
• Year Built/Renovated    1921/2012
• Price    3,250,000
• Price Per SF    86
• Percent Leased    14
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.90
• Land Acres    0.96 AC
• 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.

• Banking
• Bus Line
• Commuter Rail
• Corner Lot
• Metro/Subway
• Restaurant
• Signage
• Waterfront