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Commercial Asset & Adjoining Parcel 4418 Douglas Ave 1,410 SF Retail Building Racine, WI 53402 $767,616 CAD ($544.41 CAD/SF)
INVESTMENT HIGHLIGHTS
- Versatile asset spanning 1,410 square feet, formerly a used car lot, equipped with two offices, three bays, and a hoist.
- Flexible B-3 zoning accommodates a wide range of commercial uses, including retail, office, or service-based businesses.
- Placed within an established retail corridor near national shopping and dining brands, drawing dependable customer traffic to the area.
- Includes an adjacent parcel for a total of 1.41 acres with two unique points of access, providing upside for future expansion or development.
- Strong frontage (310 feet) to State Highway 32 provides the property with fantastic daily exposure to more than 14,000 passing vehicles.
- Supported by a 5-mile population of more than 102,000, with an average income of over $85,000 and annual spending of more than $1.1 billion.
EXECUTIVE SUMMARY
4418 Douglas Avenue in Racine, Wisconsin, presents an unparalleled commercial acquisition opportunity in suburban Milwaukee.
Ideal for both end-users and investors, this vacant 1,410-square-foot property offers a former used car lot with flexible B-3 zoning, providing opportunities for a wide range of retail, office, and service-based businesses. The building was originally constructed in 1974 and provides a versatile floor plan, equipped with two offices, three bays, and one hoist.
The offer includes an adjacent lot to the south, providing a total of 1.4 acres, with 310 feet of prime frontage to State Highway 32. This excess land includes a separate access point from St. Rita’s Road, providing optionality for a number of separate development or expansion projects.
A prime location directly off State Highway 32 benefits businesses at 4418 Douglas Avenue with robust exposure to strong daily traffic. More than 14,000 vehicles pass by the location each day along this vital artery, which serves as the main connection from Racine to Milwaukee. The surrounding area makes up a popular retail corridor, and the subject property enjoys convenient proximity to national shopping and dining options such as Pick ‘n Save, Aldi, Wingstop, Culver’s, Wendy’s, Domino’s Pizza, and more. Nearby connections for Highways 31 and 38 also provide seamless regional access, allowing travel to and from downtown Racine in 4.2 miles, General Mitchell International Airport in 16 miles, and Downtown Milwaukee in 26 miles.
Investors will find a favorable leasing environment in the surrounding submarket, where retail vacancies have dropped to just 4.4% and rents have climbed 1.7% on average annually during the past five years. No new retail inventory is currently under construction in the area, ensuring limited competition for a new owner’s leasing efforts. The region is supported by more than 102,000 residents living within 5 miles of the property, who contribute more than $1.1 billion in annual consumer spending. These affluent locals comprise a meaningful customer base that elevates operations for businesses and investors in 4418 Douglas Avenue.
Don’t miss this rare opportunity; reach out to the First Weber Realtors team today to schedule a tour and learn more about this incredible offer.
Ideal for both end-users and investors, this vacant 1,410-square-foot property offers a former used car lot with flexible B-3 zoning, providing opportunities for a wide range of retail, office, and service-based businesses. The building was originally constructed in 1974 and provides a versatile floor plan, equipped with two offices, three bays, and one hoist.
The offer includes an adjacent lot to the south, providing a total of 1.4 acres, with 310 feet of prime frontage to State Highway 32. This excess land includes a separate access point from St. Rita’s Road, providing optionality for a number of separate development or expansion projects.
A prime location directly off State Highway 32 benefits businesses at 4418 Douglas Avenue with robust exposure to strong daily traffic. More than 14,000 vehicles pass by the location each day along this vital artery, which serves as the main connection from Racine to Milwaukee. The surrounding area makes up a popular retail corridor, and the subject property enjoys convenient proximity to national shopping and dining options such as Pick ‘n Save, Aldi, Wingstop, Culver’s, Wendy’s, Domino’s Pizza, and more. Nearby connections for Highways 31 and 38 also provide seamless regional access, allowing travel to and from downtown Racine in 4.2 miles, General Mitchell International Airport in 16 miles, and Downtown Milwaukee in 26 miles.
Investors will find a favorable leasing environment in the surrounding submarket, where retail vacancies have dropped to just 4.4% and rents have climbed 1.7% on average annually during the past five years. No new retail inventory is currently under construction in the area, ensuring limited competition for a new owner’s leasing efforts. The region is supported by more than 102,000 residents living within 5 miles of the property, who contribute more than $1.1 billion in annual consumer spending. These affluent locals comprise a meaningful customer base that elevates operations for businesses and investors in 4418 Douglas Avenue.
Don’t miss this rare opportunity; reach out to the First Weber Realtors team today to schedule a tour and learn more about this incredible offer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,410 SF
Building Class
C
Year Built
1974
Price
$767,616 CAD
Price Per SF
$544.41 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.40 AC
Zoning
B-3 - Orderly and attractive grouping at appropriate locations of commercial activities of a more general retail and wholesale nature
Parking
60 Spaces (42.55 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- VIP Auto Sales
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| VIP Auto Sales | Retailer | - | - | - |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
7,606
51,039
102,116
148,458
2029 Population
7,511
50,624
101,321
149,202
2024-2029 Projected Population Growth
-1.3%
-0.8%
-0.8%
0.5%
Median Age
40.3
39.4
39.1
40.0
College Degree + Higher
20%
24%
23%
17%
Daytime Employees
1,687
9,756
37,659
50,561
Total Businesses
221
1,159
3,883
5,633
Average Household Income
$79,545
$81,426
$77,436
$89,233
Median Household Income
$66,432
$63,465
$60,031
$70,100
Total Consumer Spending
$89.9M
$583.8M
$1.1B
$1.7B
2024 Households
3,130
20,367
41,486
60,460
Average Home Value
$212,194
$228,833
$221,743
$268,253
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 104-042329539000 | Improvements Assessment | $115,438 CAD |
| Land Assessment | $150,687 CAD | Total Assessment | $266,124 CAD |
PROPERTY TAXES
Parcel Number
104-042329539000
Land Assessment
$150,687 CAD
Improvements Assessment
$115,438 CAD
Total Assessment
$266,124 CAD
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Commercial Asset & Adjoining Parcel | 4418 Douglas Ave
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