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    1913 Melvin Ave Racine, WI 53404

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    For Sale
    $675,000

    100% occupied industrial property with lease in place until 2026.

    Property size:
    5,757 SF
    Lot size:
    1.77 Acres

    Property Features for 1913 Melvin Ave

    General Information

    Size
    5,757 SF
    Lot size
    1.77 Acres

    Source: Cushman & Wakefield | Boerke Agent Cody Ziegler

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

    Overview

    Racine Industrial Property For Sale

    This 5,757-square foot industrial property is located in Racine, Wisconsin. The property is 100% occupied by Cardinal Express Logistics, with a lease in place through October 31, 2026. The property is suitable for truck repair and includes trailer parking. The lease includes 3% annual increases, providing a stable income stream.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck Profix Truck Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.805478
    Latitude
    42.755027

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    FAQs

    What type of property is this?
    Truck terminal - 100% occupied industrial property with lease in place until 2026.
    Where is this truck terminal located?
    The property is located at 1913 Melvin Ave Racine, WI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - 100% occupied industrial property.; - Net leased to Cardinal Express Logistics.; - Lease in place through October 31, 2026.
    (414) 347-1000
    Request Owner's contact information
    1913 Melvin Ave Racine, WI 53404
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    Racine, WI 53404
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    Realmo Value Estimation

    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.

    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.

    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
    1913 Melvin Ave Racine, WI 53404
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