5141 Douglas Ave - Freestanding FOR SALE


Racine, WI 53402- Caledonia
$3,850,000 USD
414-273-4600
5141 Douglas Ave, Racine, WI for Sale
$3,850,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

5141 Douglas Ave
Racine, WI 53402
Caledonia


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

K Mart Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

400

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 Policy.