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2210-2400 Rapids Dr - Rapids Drive Shopping Center 32,748 - 71,646 SF Retail Condo Units Offered at $1,744,760 CAD Per Unit in Racine, WI 53404
INVESTMENT HIGHLIGHTS
- Two adjacent parcels in a retail center.
- Corner location for great visibility.
PROPERTY FACTS
| Total Building Size | 120,205 SF | Typical Floor Size | 120,205 SF |
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Freestanding | Lot Size | 12.00 AC |
| Building Class | B | Parking Ratio | 8.8/1,000 SF |
| Floors | 1 | ||
| Zoning | B2 | ||
| Total Building Size | 120,205 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 120,205 SF |
| Year Built | 1965 |
| Lot Size | 12.00 AC |
| Parking Ratio | 8.8/1,000 SF |
| Zoning | B2 |
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
2 UNITS AVAILABLE
Unit 2210
| Unit Size | 71,646 SF | Condo Use | Retail |
| Price | $1,744,760 CAD | Sale Type | Investment |
| Price Per SF | $24.35 CAD | APN/Parcel ID | 276 000020419029 |
| Unit Size | 71,646 SF |
| Price | $1,744,760 CAD |
| Price Per SF | $24.35 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 276 000020419029 |
DESCRIPTION
This impressive 71,646 sq ft building hosts a highly successful indoor market, featuring both 7-day-a-week and weekend-only vendor spaces. The market offers a diverse array of unique items, including all the equipment needed for an ice cream and popcorn store, making it a destination for shoppers. You could empty the market and use all the space as you want. The building is equipped with a full commercial kitchen and holds both Class A and Class B liquor licenses, ideal for various events and business ventures. Recent upgrades include new light fixtures and air handlers, ensuring a comfortable environment year-round. The property also boasts ample parking. A convenient truck door facilitates smooth deliveries, adding to the buildings versatility.
SALE NOTES
Financials will be shared once a confidential agreement is signed. Can also purchase the adjacent condo to own the whole building.
Unit 2300
| Unit Size | 32,748 SF | Condo Use | Retail |
| Price | $1,744,760 CAD | Sale Type | Investment |
| Price Per SF | $53.28 CAD | APN/Parcel ID | 276 000020419028 |
| Unit Size | 32,748 SF |
| Price | $1,744,760 CAD |
| Price Per SF | $53.28 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 276 000020419028 |
DESCRIPTION
The site currently includes a Flex Gym, boasting new HVAC systems and updated lighting, ensuring a comfortable and efficient workout environment. Additional tenants include a well-established nail salon, Yellow Ginger restaurant, and a WIC office, catering to a variety of community needs. Family Furniture and Family Dollar further enhance the convenience of this location. Ample parking is available, making it easy for customers and clients to access the diverse range of services offered. This versatile property, with its blend of existing amenities and potential for further development, represents a prime investment opportunity in a thriving area. Possibility to build other buildings on the outlots also exists
SALE NOTES
Rent roll will be made available once confidential agreement signed. Leases will be available as part of the due diligence.
Can also purchase the second condo to own the whole property.
NEARBY MAJOR RETAILERS
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2210-2400 Rapids Dr - Rapids Drive Shopping Center
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