Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1220 Mound Ave Racine, WI 53404

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready space suitable for small businesses and start-ups.

    Property size:
    408,875 SF
    Lot size:
    13.99 Acres

    Property Features for 1220 Mound Ave

    General Information

    Size
    408,875 SF
    Lot size
    13.99 Acres

    We can help!

    Listing Contact
    Patrick Dedering
    Patrick Dedering
    Source: Moodyscre

    Listing Agency: Phoenix Investors, LLC Listing Agent: Patrick Dedering

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

    Learn more

    Overview

    Move-in Ready Economical Space

    This move-in ready space offers competitive lease rates and is suitable for small businesses and start-ups. The property features up to 24’ clear height. It is professionally managed with maintenance staff on-site. The property has a total size of 408875 square feet and is located in Racine, WI.
    Location Intelligence

    Current Use by Public Records

    Acelero Learning Head ... High School Racine Roofing Contractors ... Roofing Company Financial Wize Mortgage ... Nursing Home Innovative Support Services Social Service Agency Hub of Senior Services Food Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.795722
    Latitude
    42.729151

    Nearby Similar for Lease

    • $2,400 /Mo
      2,000 SF

      Downtown Racine Office/Retail Space

      Prime downtown Racine office or retail space for lease.
      244 Main St, Racine, WI 53403
      View Details
    • Contact for pricing
      800 SF

      Mount Pleasant Office and Retail

      Second floor suite in high-traffic area, ideal for office.
      4900 Spring St, Racine, WI 53406
      View Details
    • Contact for pricing
      3,400 SF

      Move-In-Ready Class A Office Space

      State-of-the-art office space with furnished offices and abundant parking.
      1244 West Blvd, Racine, WI 53405
      View Details
    • Contact for pricing
      1,831 SF

      Professional Office Space Available

      Office space in Windsor Court, Racine, WI, for rent.
      5802 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Regency Point

      Retail spaces available for lease in well-located shopping center.
      2308 South Green Bay Rd, Racine, WI 53406
      View Details
    • Contact for pricing
      12,724 SF

      High-Traffic Retail Center in Racine

      135,827 SF retail center on Racine's busiest intersection.
      5201-5409 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing

      Harborview Professional Building For Sale

      Historic office building with lake views and negotiable terms.
      601 Lake Ave, Racine, WI 53403
      View Details
    • Contact for pricing

      Racine Neighborhood Shopping Center Space

      Neighborhood shopping center anchored by Piggly Wiggly with ample parking.
      3900 Erie St, Racine, WI 53402
      View Details
    • Contact for pricing
      20,000 SF

      Racine Retail Space For Lease

      Freestanding retail space with visibility and highway access.
      3520 Rapids Dr, Racine, WI 53404
      View Details
    • $14 SF/Yr
      6,185 SF

      Grocery Anchored Retail Space

      Retail space in well-positioned, grocery-anchored shopping center.
      4011 Durand Ave, Racine, WI 53405
      View Details
    • Contact for pricing
      1,120 SF

      Racine Office Space For Rent

      Office space available in Racine, close to amenities.
      5801 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing

      Spacious Retail Space in Racine

      Prime retail space with modern interior and versatile layout.
      Racine, WI 53403
      View Details

    FAQs

    What type of property is this?
    Specialty property - Move-in ready space suitable for small businesses and start-ups.
    Where is this specialty property located?
    The property is located at 1220 Mound Ave Racine, WI.
    What are key features of this property?
    This property features: - Move-in ready; - Competitive lease rates; - Benefit from **up to 24’ clear**
    (414) 376-6933 Call to check price and availability
    Request Owner's contact information
    1220 Mound Ave Racine, WI 53404
    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.
    1220 Mound Ave
    Racine, WI 53404
    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
    1220 Mound Ave Racine, WI 53404
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Dedering
    Patrick Dedering
    (414) 376-6933 (262) 308-0008
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!