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Racine Retail Opportunity on Douglas
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1700 Dr Martin Luther King Dr, Racine, WI 53404

1.23 acre retail parcel with 11,608 SF building.

Property Size11,608 SF
Lot Size1.23 Acres
Days on Market156

Property Features for 1700 Dr Martin Luther King Dr

General Information

Standard status Active
Size 11,608 SF
Lot size 1.23 Acres
Property subtype Retail

Building Details

Year Built 1950
Listing Agency: CBRE - Milwaukee
Listed By: CJ Goldberg · License #WI 94-72584
Source: Crexi
Added: Mar 9 Changed: Aug 8 Last Checked: Aug 10 at 12:23PM

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 - Milwaukee

Investment Insights

Based on property information with market context.

The property is a retail space situated on a 1.23-acre parcel. The existing building encompasses 11,608 square feet and was constructed in 1950. It features 121 feet of frontage on Douglas Avenue, including one curb cut, and provides 70 surface parking spaces. The property's identification number is 276-000019798000. Property taxes for the year 2025 are $34,084.83.

Key Highlights

  • Large 1.23‑acre parcel
  • Substantial 11,608 SF building size
  • 121’ frontage on Douglas Ave

Property Analytics

Current Use

Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Dental Office Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,350
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 90% Shops & Services 10%
McDonald's Dining
14,641 visits/mo 0.4 miles
Shogun Dining
1,669 visits/mo 0.5 miles
Jimmy John's Dining
1,044 visits/mo 0.5 miles
Firestone Complete Auto Care Shops & Services
953 visits/mo 0.4 miles
Devon Self Storage Shops & Services
900 visits/mo 0.1 miles

Demographics for 53404, WI

15,532
Population
5,110
Households
3
Avg Household Size
32
Median Age
13%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
3,170
Density / Sq Mi
$47,714
Median Household Income
$35,419
Median Earnings
$968
Median Rent
$126,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail property - 1.23 acre retail parcel with 11,608 SF building.
Where is this retail property located?
The property is located at 1700 Dr Martin Luther King Dr Racine, WI.
What are key features of this property?
This property features: Large 1.23‑acre parcel; Substantial 11,608 SF building size; 121’ frontage on Douglas Ave
More about this property
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