5141 Douglas Ave | Racine, WI 53402
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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
$5,479,474 CAD
Price Per SF
$63 CAD
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 | $1,055,647 CAD |
| Land Assessment | $1,289,587 CAD | Total Assessment | $2,345,235 CAD |
PROPERTY TAXES
Parcel Number
104-042320103160
Land Assessment
$1,289,587 CAD
Improvements Assessment
$1,055,647 CAD
Total Assessment
$2,345,235 CAD
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