5141 Douglas Ave - Freestanding FOR SALE


Racine, WI 53402- Caledonia
$3,350,000 USD
414-273-4600
5141 Douglas Ave, Racine, WI for Sale
$3,350,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

5141 Douglas Ave
Racine, WI 53402
Caledonia


HIGHLIGHTS

  • Opportunity for redevelopment at Greentree Centre!
  • Located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine.
  • The property has plentiful parking with 466 parking stalls | 4.7:1,000 SF parking ratio.
  • Built in 1990 with a new roof added in 2012 (warranty through 8.20.27).
  • Property has pylon signage.

OVERVIEW

Opportunity to co-anchor Green Tree Centre with the only Pick 'n Save in Caledonia! Located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine, this center has control of the northern full-access point off Highway 32 and a 4.7:1,000 sf parking ratio. Built in 1990, with a new roof added in 2012 (warranty through 8/20/27). This property is zoned for B-3 - Commercial Service District. There is a current lease in place through 5/31/21 with 9 5-year options; the owner is willing to terminate the lease if a buyer or lessee desires.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

466

LAND DETAILS

LAND ACRES

10.2 AC

LAND SF

444,312 SF

ZONING

B-3

APN/PARCEL ID

104-042320103160

ASK ABOUT THIS PROPERTY

Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.