Mixed-Use Building with
For Sale
$339,000
3401 Douglas Ave, Racine, WI 53402
COMMERCIAL - Racine, WI
Property Size2,377 SF
Lot Size0.08 Acres
Price / SF$142.62
Days on Market52
Property Features for 3401 Douglas Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1
Directions
Property is on the corner of Douglas and Shoreland
Standard status
Active
APN
276000018215000
Size
2,377 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4077
Building Details
Year built
1928
Architectural style
Other
Listing Agency:
RE/MAX Newport · RE/MAX International
(262) 632-9990
Listed By:
Karen Sorenson · License #5678790
(262) 497-5021
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 5 at 2:06PM
MLS# 1967345
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,377-square-foot mixed-use building pairs a commercial lower level with a residential upper floor. The storefront area includes terrazzo flooring, tin ceilings, display windows, a kitchen, bathroom, shower room, and a separate rear room suitable for office, storage, pantry, or bedroom use. The upper level contains a three-bedroom apartment with a retro-style kitchen updated with modern features, dining room, living room, and built-in wood shelving.
The property occupies 0.08 acres at 3401 Douglas Ave in Racine, Wisconsin. B1 zoning is identified for the site. Building improvements in recent years addressed the foundation, basement walls, roof, siding, sidewalk, and windows. Constructed in 1928, the property offers a combined commercial and residential layout within one building.
The property occupies 0.08 acres at 3401 Douglas Ave in Racine, Wisconsin. B1 zoning is identified for the site. Building improvements in recent years addressed the foundation, basement walls, roof, siding, sidewalk, and windows. Constructed in 1928, the property offers a combined commercial and residential layout within one building.
Key Highlights
- 2,377‑square‑foot mixed‑use building on a 0.08‑acre lot
- Lower‑level commercial space with storefront windows, terrazzo flooring, kitchen, bathroom, and shower room
- Upper‑level 3‑bedroom apartment with kitchen, dining room, living room, and built‑in wood shelving
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $18.00 |
| − Vacancy | −$3.4k | −$1.44 |
| EGI | $39.4k | $16.56 |
| − OpEx | −$14.8k | −$6.21 |
| NOI | $24.6k | $10.35 |
2,377 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 9.73%
Second Best
Mixed Use
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 15%
Electronics 9%
BP
Shops & Services
8,969 visits/mo
0.3 miles
AutoZone
Shops & Services
4,800 visits/mo
0.2 miles
Little Caesars Pizza
Dining
4,133 visits/mo
0.4 miles
Citgo
Shops & Services
3,705 visits/mo
0.1 miles
Wells Fargo
Shops & Services
3,247 visits/mo
0.1 miles
Demographics for 53402, WI
33,621
Population
15,660
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,681
Density / Sq Mi
$74,125
Median Household Income
$47,838
Median Earnings
$1,049
Median Rent
$224,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a commercial storefront with a three-bedroom apartment.
Where is this mixed-use property located?
The property is located at 3401 Douglas Ave Racine, WI.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2,377‑square‑foot mixed‑use building on a 0.08‑acre lot; Lower‑level commercial space with storefront windows, terrazzo flooring, kitchen, bathroom, and shower room; Upper‑level 3‑bedroom apartment with kitchen, dining room, living room, and built‑in wood shelving
