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Commercial Asset & Adjoining Parcel 4418 Douglas Ave 1 410 pi² Commerce de détail Immeuble Racine, WI 53402 767 616 $ CAD (544,41 $ CAD/pi²)
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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.
RÉSUMÉ DE L'ANNONCE
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.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Concessionnaire automobile
Taille du bâtiment
1 410 pi²
Classe d’immeuble
C
Année de construction
1974
Prix
767 616 $ CAD
Prix par pi²
544,41 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,02
Taille du lot
1,40 AC
Zonage
B-3 - Regroupement ordonné et attrayant, à des emplacements appropriés, d'activités commerciales de nature plus générale, incluant le commerce de détail et de gros.
Stationnement
60 places (42,55 places par 1 000 pi² loué)
COMMODITÉS
- Lot de coin
- Affichage
PRINCIPAUX LOCATAIRES
- LOCATAIRE
- SECTEUR
- pi² OCCUPÉ
- LOYER/pi²
- FIN DU BAIL
- VIP Auto Sales
- Détaillant
- -
- -
- -
| LOCATAIRE | SECTEUR | pi² OCCUPÉ | LOYER/pi² | FIN DU BAIL | ||
| VIP Auto Sales | Détaillant | - | - | - |
DONNÉES DÉMOGRAPHIQUES
Données démographiques
1 Mille
3 Mille
5 Mille
15 route min.
2024 Population
7 606
51 039
102 116
148 458
2029 Population
7 511
50 624
101 321
149 202
2024-2029 Croissance démographique prévue
-1,3%
-0,8%
-0,8%
0,5%
Âge médian
40,3
39,4
39,1
40,0
Diplôme collégial et diplôme supérieur
20%
24%
23%
17%
Employés de jour
1 687
9 756
37 659
50 561
Total des entreprises
221
1 159
3 883
5 633
Revenu moyen du ménage
79 545 $
81 426 $
77 436 $
89 233 $
Revenu médian par ménage
66 432 $
63 465 $
60 031 $
70 100 $
Dépenses de consommation totales
89,9 M$
583,8 M$
1,1 G$
1,7 G$
2024 Ménages
3 130
20 367
41 486
60 460
Valeur résidentielle moyenne
212 194 $
228 833 $
221 743 $
268 253 $
Valeurs en dollars américains
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 104-042329539000 | Évaluation des bâtiments | 115 438 $ CAD |
| Évaluation du terrain | 150 687 $ CAD | Évaluation totale | 266 124 $ CAD |
Impôts fonciers
Numéro de lot
104-042329539000
Évaluation du terrain
150 687 $ CAD
Évaluation des bâtiments
115 438 $ CAD
Évaluation totale
266 124 $ CAD
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Commercial Asset & Adjoining Parcel | 4418 Douglas Ave
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