Trolley Square, LLC. 5611 6th Ave

Investment Highlights

Historical 1880's architectural details Views of lake, boat harbor, lighthouse, & streetcar located on "the X" intersection of the two main cross streets in downtown Historical streetcar stop in front, with transport thru out downtown and to Metra train station Three (3) stories plus basement Opportunity zone - tax free capital gains!

Executive Summary

Located on "The X" intersection of the two main streets in Downtown Kenosha! Wonderful 3 story white Terra cotta facade vintage 1880"s building on corner lot, with attached outdoor patio. Also drive thru alley access on south side. The new Public parking lot is directly adjoining the property to the east.The 1st level was gutted & renovated, into two distinct storefront spaces. The restaurant has been a long term tenant, over 15 years, and has wonderful outdoor eating area attached with vies of Historic streetcar. Each commercial space has hardwood oak floors, high ceilings, ADA bathrooms, HVAC, etc. Lots of light, and open area.Each space has own dedicated lower level for storage. South space has ability for a drive up window access in alleyway entrance to parking lot.All new storefronts installed in 2021! Each storefront has window panels to open and slide to side to provide open air setting to sidewalk!The 2nd floor currently has four (4) offices, reception area, bathroom, and large conference room with Kitchenette. Upper floors could also be converted into residential apartments, two two bedrooms tow baths per floor. (a 2 bedroom/ 2 bath apartment typical lease for $1,250/month in Downtown)Both 2nd & 3rd floor have views of lake, lighthouse, & boat harbor, streetcar, etc.The property qualifies for the 25% Wisconsin state historical tax credit.This property is in the new economic Opportunity zone included within the new Federal tax law!! 100% tax free Capital Tax rollover!

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar Restaurant
• Building Size    11,610
• Building Class    C
• Year Built/Renovated    1880/2021
• Price    1,350,000
• Price Per SF    116
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    2.96
• Land Acres    0.09 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.

• Bus Line
• Commuter Rail
• Metro/Subway
• Tenant Controlled HVAC
• Drive Thru