Two-Level Mixed-Use
3401 Douglas Ave, Racine, WI 53402
For Sale
$324,900
Y, Racine, WI
Property Size2,377 SF
Lot Size0.08 Acres
Price / SF$136.68
Days on Market151
Property Features for 3401 Douglas Ave
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
terrazzo flooring
antique copper painted tin ceilings
storefront windows
kitchen
bathroom
shower room
back room
retro kitchen with modern features
dining room
living room with built-in wooden libraries
Building Details
Year built
Architectural style
Listing Agency:
RE/MAX Newport · RE/MAX International
(262) 632-9990
Listed By:
Karen Sorenson · License WI #5678790
(262) 497-5021
Added: Jun 15
Changed: Oct 22
Last Checked: Nov 12 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 2,377 square feet on a 0.08-acre lot. The first level offers an open commercial area with terrazzo flooring, tin ceilings, storefront windows, a kitchen, bathroom, shower room, and an additional room suited to office, storage, supply, pantry, or bedroom use. The upper level is configured as a three-bedroom apartment with a retro-style kitchen incorporating modern features, dining and living areas, and built-in wooden libraries.
The building was constructed in 1928 and is zoned B1. Recent improvements addressed the foundation, basement walls, roof, siding, sidewalk, and windows. Its configuration supports a combined commercial and residential use in Racine.
The building was constructed in 1928 and is zoned B1. Recent improvements addressed the foundation, basement walls, roof, siding, sidewalk, and windows. Its configuration supports a combined commercial and residential use in Racine.
Key Highlights
- 2,377‑square‑foot mixed‑use building on a 0.08‑acre lot
- Two‑level layout with commercial space on the first floor and a three‑bedroom apartment upstairs
- Lower level includes storefront windows, terrazzo flooring, kitchen, bathroom, shower room, and additional utility space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,602
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
$492.0K
Cap Rate 7%
$351,457
$351.5K
Cap Rate 9%
$273,356
$273.4K
Market Conditions
NOI Build-Up for 2,377 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$3.4K −$1.44/SF
EGI
$39.4K $16.56/SF
− OpEx
−$14.8K −$6.21/SF
NOI
$24.6K $10.35/SF
Area
Racine County, WI
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
Cap Rate 7%
$351,457
Cap Rate 9%
$273,356
Alternative Uses
Best Use
Specialty Retail
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 10.16%
Second Best
Mixed Use
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 17%
Home Improvements & Furnishings 12%
McDonald's
Dining
20,665 visits/mo
0.3 miles
Taco Bell
Dining
13,893 visits/mo
0.0 miles
KFC
Dining
11,962 visits/mo
0.1 miles
Kortendick Ace Hardware
Home Improvements & Furnishings
11,927 visits/mo
0.5 miles
Dollar General
Shops & Services
9,201 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
$224,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Racine County, WI
Properties on Market for Mixed-use properties in Racine County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space below and a three-bedroom residence above create a flexible live-work configuration.
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 $324,900.
What are key features of this property?
This property features: 2,377‑square‑foot mixed‑use building on a 0.08‑acre lot; Two‑level layout with commercial space on the first floor and a three‑bedroom apartment upstairs; Lower level includes storefront windows, terrazzo flooring, kitchen, bathroom, shower room, and additional utility space
