Preferred Equity in Kenosha, WI

Kenosha County sits at the geographic midpoint of the Chicago-Milwaukee corridor, a positioning that has made it one of the most actively underwritten industrial markets in the upper Midwest over the past decade. Amazon operates a massive fulfillment center in Kenosha, and Uline's North American headquarters and distribution campus in Pleasant Prairie is one of the largest private employer footprints in Wisconsin, generating consistent demand for ancillary warehouse and flex product throughout the submarket. The I-94 spine and access to both O'Hare and Mitchell International airports make Pleasant Prairie and Mount Pleasant the core of the county's industrial story, with logistics tenants gravitating here specifically to escape Cook County property taxes and Illinois regulatory friction. Multifamily demand in Kenosha proper, particularly in the Downtown and North Kenosha submarkets, is increasingly supported by workforce housing pressure from employees priced out of northern Illinois communities, and several adaptive reuse projects converting former manufacturing buildings near the lakefront have attracted renters seeking urban character at a meaningful discount to Waukegan or Evanston comparables. Retail in Sturtevant and Pleasant Prairie, anchored by the LakeView Corporate Park trade area, benefits from cross-border Illinois shoppers taking advantage of Wisconsin's lower sales tax rate. Office fundamentals remain soft county-wide, consistent with suburban Chicago-adjacent markets broadly, though medical office tied to Froedtert Health and Advocate Aurora Health's expanding presence in the county has shown more durability. Underwriters should note that Wisconsin's landlord-friendly regulatory environment and Kenosha County's relatively streamlined permitting process compare favorably to Illinois alternatives just miles south.