5141 Douglas Ave | Racine, WI 53402
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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.
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
| Parcel Number | 104-042320103160 | Improvements Assessment | $742,300 |
| Land Assessment | $906,800 | Total Assessment | $1,649,100 |
PROPERTY TAXES
Parcel Number
104-042320103160
Land Assessment
$906,800
Improvements Assessment
$742,300
Total Assessment
$1,649,100
Learn More About Investing in Retail Properties
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
