Auction Information
9.63 Acres in Kenosha, WI
Subject property presents 9.63 acres of vacant commercial land ready for business development, zoned B-2.
Outlot of the Lowe's-anchored Indian Trail Plaza, behind national retailers like Noodles & Company, Jimmy Johns, and Daves Hot Chicken.
Opportunity to generate income from two existing on-site pylons while pursuing development plans of QSR, retail, mixed-use, etc.
Green Bay Road is the primary commercial thoroughfare in Kenosha, also home to a Petco, Hobby Lobby, Meijer, Kohls, Michaels, and Five Below.
Convenient location of Interstates 94 and 41 with over 700 feet of direct frontage along Green Bay Road.
Welcome to the commercial business development opportunity along Green Bay Road in Kenosha's Indian Trail Plaza, a growing shopping center anchored by Lowe's.
The subject is a commercial site containing 419,483 square feet (9.63 acres) of vacant land with two income-producing...
The subject is a commercial site containing 419,483 square feet (9.63 acres) of vacant land with two income-producing pylons on the site, reporting a monthly rent of $1,500. The land is offered to the market as a leveled, grassy field with a concrete perimeter curb and a paved parking lot section within the shopping center.
The parcel is zoned B-2, which allows for a variety of retail uses, making it attractive to a new buyer, supported by the synergy of the Indian Trail Plaza tenants. Surrounding demand generators include Summit Credit Union, Five Below, Jimmy John's, Hobby Lobby, Harbor Freight, Fresh Thyme Market, Petco, Cinemark Tinseltown, Meijer, and many other national retailers and local eateries. Additionally, the site is densely populated with residential housing, driving consumer demand and spending power.
Specific to the 10-mile demographics surrounding the subject, there is a growing population of 210,444 residents with an annual spending power of $2.5 billion. Approximately 94,076 daytime employees travel into the realm for work, with many reporting to the large corporate headquarters of companies such as United Airlines, W.W. Grainger, Northern Trust, and McDonald's. Retail rent growth in the Chicago Market currently measures 2.6%, trailing the national average of 1.9%. Suburban areas outperform, with 1.5% growth, compared to urban areas.
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