Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near High Traffic Title is generated by Realmo AI

    1019 South Green Bay Road, Mount Pleasant, WI 53406

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail property with great access in Mount Pleasant, Wisconsin.

    Type:Retail
    Property size:
    4,200 SF
    Added:
    Nov 22, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 8:29 pm

    Property Features for 1019 South Green Bay Road

    General Information

    Standard status
    Active
    Size
    4,200 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Peter Glaser

    Listing agent Peter Glaser

    Listing office CBRE, Inc.

    Listing date Nov 22, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.

    HighLights

    • Located just north of the highest traffic count intersection in Racine County.
    • Great access at a lighted intersection.
    • Across from Village Center.
    • Village Center is anchored by Festival Foods.
    • Village Center is anchored by Kohls.
    • Village Center is anchored by Ulta Beauty and Five Below.

    Overview

    This 4,200-square-foot retail property is situated just north of the intersection with the highest traffic count in Racine County. The location offers convenient access at a lighted intersection, directly across from Village Center. Village Center is anchored by prominent retailers including Festival Foods, Kohls, Ulta Beauty, and Five Below.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mount Pleasant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8646
    Latitude
    42.7305

    Nearby Similar for Lease

    • Contact for pricing
      800 SF

      Mount Pleasant Office and Retail

      Office and retail suites available in high-traffic Mount Pleasant.
      4900 Spring St, Mount Pleasant, WI 53406
      View Details
    • Contact for pricing
      10,500 SF

      Racine Centre Retail Opportunity

      Retail space available in Racine Centre Shopping Center.
      5415 Washington Ave, Mount Pleasant, WI, 53406
      View Details
    • $7 SF/Yr
      18,142 SF

      Mount Pleasant Industrial Space Available

      Industrial property available for lease in Mount Pleasant, Wisconsin.
      7900 Durand Ave, Mount Pleasant, WI
      View Details
    • Contact for pricing
      390,318 SF

      Mount Pleasant Warehouse Space

      Available warehouse space in Mount Pleasant, Wisconsin.
      2815 International Dr., Mount Pleasant, WI 53177
      View Details
    • Contact for pricing
      390,318 SF

      Mount Pleasant Warehouse Space Available

      Large industrial warehouse space available for lease in Mount Pleasant.
      2715 International Dr., Mount Pleasant, WI 53177
      View Details
    • $7 SF/Yr
      37,050 SF

      Mount Pleasant Office Spaces Available

      Office spaces available, ranging from 6,510 to 37,050 SqFt.
      7900 Durand Ave, Mount Pleasant, WI 53177
      View Details
    • Contact for pricing
      22,594 SF

      Flex/R&D Building For Rent

      First generation flex/R&D building with drive-in doors.
      13207 Globe Dr, Mount Pleasant, WI
      View Details
    • Contact for pricing
      61,162 SF

      Mount Pleasant Office/Industrial Space

      Office and industrial space available for lease in Mount Pleasant.
      1400 International Drive, Mount Pleasant, WI 53177
      View Details
    • Contact for pricing
      116,600 SF

      Mount Pleasant Industrial Spaces Available

      Industrial spaces available, ranging from 41,367 to 116,600 SqFt.
      1570 International Drive, Mount Pleasant, WI 53177
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Mount Pleasant, Wisconsin.
      7115 Durand Ave, Mount Pleasant, WI 53177
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail property with great access in Mount Pleasant, Wisconsin.
    Where is this retail space located?
    The property is located at 1019 South Green Bay Road Mount Pleasant, WI.
    What are key features of this property?
    This property features: Located just north of the highest traffic count intersection in Racine County.; Great access at a lighted intersection.; Across from Village Center.
    (414) 274-1638
    We can help!
    Listing Contact
    Peter Glaser
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1019 South Green Bay Road, Mount Pleasant, WI, 53406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!