The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1924-08-07
BUSINESS BLOCK
CHANGES HANDS
IT. S. National Bank Sells
Old K-C Building to
Kresge Co.
WILL BE TORN DOWN
New Owners Plan to Clear Site
and Erect Modern Building
for New Store.

One of the largest real estate deals
to be closed for the transfer of Main
street property in Kenosha for several
years was made public this morning in
an announcement that the United States
National bank had sold to the S. S.
Kresge company of Detroit the proper
tv located at 213-215 Main street. This
is the property which several years
ago was known as the Knights Of Col
umbus building, having been erected
by that order. 1t was sold several
years ago to Charles Werve and by him
to the Merchants and Savings bank.
The latter institution planned to use
the site for new banking building,
but upon the merger of the bank with
the United States National bank, this
plan was abandoned.
The property has frontage Of At
feet, consisting at the present of two
store rooms, one now occupied by the
Kenosha Market and the other as an
Office for the international Correspond
ence Schools. Possession is to be
given at once and plans are now un-
der way for the improvement of the
property to meet the needs of the
Kresge company.
Shows Increase in Values.
The deal shows the increase in real
estate values for business property in
Kenosha, according to the announce
ment of E. T. O'Brien, cashier of the
United States National bank, who told
Of the sale of the property, this being
confirmed by a statement made by a
representative of the Kresge company.
The exact price paid was not made
public, but it was stated that it was
slightly in excess of 100000. This
price does not include sum paid to
David Korf for an option which he
secured on the property several months
ago and which was assigned to the
new owners.
A few years ago, when this property
was purchased by the Merchants and
Savings bank, the price paid for it
was in the neighborhood of $4,000. 1t
was stated by Mr.. O'Brien that the
plan of erecting new banking build
ing was abandoned inasmuch as the
site would not give any more room
than the one now occupied by the
bank on Market square.
Will Open New Store.
The deal confirms the faith of the
S. S. Kresge company in the future
Of Kenosha. 1t is understoo that this
company will spend another 100000
in the erection of a store modern and
complete in every detail with particu-
lar attention to an attractive store
l. AL
counters and an attractive rest room
for its employees.
The Kresge company has been iden-
titled with business in Kenosha since
1912 when they opened their ten cent
store at 257 Main street. This new
store will be opened as % cent to 81
department store and will in no way
conflict with the present store. The
Kresge company operates 60 of these
25 cent to 81 stores throughout the
country, and has found that they are
filing a popular demand.
Some of the leading departments are
hosiery, underwear, neckwear, jewelry,
toilet articles, ready-to-wear, infants
goods, art goods, mems and boys fur
nishings, house furnishings, toys and
games, china and crockery, hardware
and auto supplies, electrical fixtures
and radio. The only exception to the
dollar limit is the popular priced mil
inery department which, during the
various seasons, offers the latest novel
ties at prices ranging up to $4.98.
: 1t is expected that building opera
tions can be completed and the new
store opened early in 1925.
The deal for the exchange of the
property was made by Attorney Clar-
ence Fisher of Kenosha, acting for the
purchasers.