Office Properties for sale in Kenosha offer a unique investment opportunity in a city that has experienced economic growth in recent years. With a diverse population and a mix of blue and white-collar workers, students, and ethnicities, Kenosha provides a stable environment for businesses to thrive. Office Properties in Kenosha can represent a range of investments, from small professional offices to large corporate headquarters. With amenities like the Kenosha Public Safety building, the Kenosha County Courthouse and Jail, and the University of Wisconsin-Parkside, Kenosha offers a well-rounded infrastructure that supports businesses. The city's location on the southwestern shore of Lake Michigan, with proximity to Milwaukee and Chicago, makes it an attractive location for companies looking to establish a presence in the region. Additionally, Kenosha's neighborhoods, such as Downtown, Uptown, and West of I-94, offer distinct characteristics and amenities that can appeal to different types of businesses.
With 8 Office Properties for sale in Kenosha, investors have a range of options to choose from. The average price per square foot is $150 USD, and the average size of these properties is 51,844 square feet, with the largest property spanning 326,060 square feet. The average cap rate for Office Properties in Kenosha is 8.2%. In addition to Office Properties, Kenosha also offers other commercial real estate options, including Commercial Real Estate, which can provide a range of investment opportunities, from retail spaces to industrial facilities. Apartment Buildings are another option, offering a steady income stream through rental properties. Shopping Centers and Hotels are also available, providing opportunities for retail and hospitality investments. Overall, Kenosha's diverse range of commercial properties makes it an attractive location for investors.
What is the average price per square foot for office properties in Kenosha?
The average price per square foot for office properties in Kenosha is $150 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Kenosha, it's essential to understand the different classifications, which can impact factors like rental rates, property value, and tenant quality.
- Class A office properties are typically high-rise buildings with top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, often located in decent areas, and are suitable for a wide range of tenants, with rental rates lower than Class A properties.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and may require renovation, resulting in lower rental rates and potentially higher vacancy rates.
