5141 Douglas Ave
Racine, WI 53402

K Mart Building · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Ample Parking with control of the northern full-access point off Highway 32
  • Current lease in place through 5/31/21 with 9 5-year options. Owner willing to terminate lease if a buyer or lessee desires.

EXECUTIVE SUMMARY

Opportunity to co-anchor Greentree Centre with the only Pick ‘n Save in Caledonia and located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine. Recent additions include a new roof added in 2012 with warranty through 8/20/2027.
Subject to Greentree Centre REA
Village of Caledonia would assist with the creation of a TID o help promote a redevelopment. Possible uses include, MF Housing, Office, Retail or any Special Use.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
86,479 SF
Building Class
B
Year Built
1990
Price
$3,850,000
Price Per SF
$45
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.19
Lot Size
10.20 AC
Zoning
B-3 - Commercial
Parking
400 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
347 FT on Douglas Ave

AMENITIES

  • Signage
  • Air Conditioning

PROPERTY TAXES

  • Listing ID: 19465066

  • Date on Market: 5/7/2020

  • Last Updated:

  • Address: 5141 Douglas Ave, Racine, WI 53402