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Two-Space Retail Property

3616 Northwestern Ave, Racine, WI 53404

For Lease
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Two commercial spaces can be leased together, with B-3 zoning and existing furnishings, fixtures, and equipment available as-is.

Space Size8,835 SF
Days on Market13

Property Features for 3616 Northwestern Ave

General Information

Standard status Active
Size 8,835 SF
Property subtype Retail, Special Purpose
Zoning B-3
Lease Type NNN

Space & Availability

Space Use Restaurant
Available From Immediate
Furnished Yes

Lease Terms

Lease Rate $9,000 /MO
Monthly Rent $9,000

Restaurant

Equipment Included Yes
Second-Generation Restaurant Yes

Additional Details

Corner Location Yes

Amenities

exterior signage

Building Details

Tenancy Multi

Spaces For Lease

at 3616 Northwestern Ave
#1 Active
Size 8,835 SF
Contact us
Listing Agency: DeRango Real Estate Services
Listed By: Anna Maria DeRango · License WI WI38546-090
Source: Crexi
Added: Oct 28 Changed: Nov 8 Last Checked: Nov 8 at 4:05PM

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 DeRango Real Estate Services

Rey
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Investment Insights

Based on property information with market context.

The retail property at 3616 Northwestern Ave in Racine offers two commercial spaces that may be leased together. The spaces were previously used for restaurant and laundromat operations. Furnishings, fixtures, and equipment are available in their current as-is condition, without warranties or representations from the owner.

The property sits at a signalized intersection on Northwestern Avenue and has exterior signage and on-site parking. It is zoned B-3.

Key Highlights

  • Two commercial spaces available for lease together
  • B‑3 zoning
  • Signalized intersection on Northwestern Avenue in Racine

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

River Run Family ... Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Restaurant Hair Salon

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

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

185
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 95% Hotels & Casinos 5%
BP Shops & Services
10,575 visits/mo 0.1 miles
Landmark Credit Union Shops & Services
4,499 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
3,459 visits/mo 0.3 miles
Pantry Shops & Services
941 visits/mo 0.1 miles
Travelodge Hotels & Casinos
920 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Racine, WI

$14.59 /SF/Yr
Avg Asking Price
$8.18–$23.4 /SF/Yr
Price Range
3,943 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Racine County, WI

$12.43 Jul
$11.31 Aug
$12.43 Sep
$14.88 Oct

Properties on Market for Retail space in Racine County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Retail space - Two commercial spaces can be leased together, with B-3 zoning and existing furnishings, fixtures, and equipment available as-is.
Where is this retail space located?
The property is located at 3616 Northwestern Ave Racine, WI.
What are key features of this property?
This property features: Two commercial spaces available for lease together; B‑3 zoning; Signalized intersection on Northwestern Avenue in Racine
(262) 989-6520 · Office Call to check price and availability
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