Freestanding Retail Showroom
4020 Durand Ave Racine, WI 53405
4020 Durand Ave, Racine, WI, 53405
$1,200,000
Pending
For Sale
$1,200,000
Pending
Freestanding showroom building on a corner lot along Durand Ave with a large open space and zoned B-2.
Property Size8,029 SF
Days on Market52
Property Features for 4020 Durand Ave
General Information
- Standard status
- Pending
- Size
- 8,029 SF
Listing agency
DeRango Real Estate Services
(262) 989-6520
Listed by
Anna DeRango
(262) 989-6520
Source
Exprealty
Added: Jun 1 Updated: Jul 22 at 8:23AM Checked: Jul 22 at 8:23AM
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
Investment Insights
Based on property information with market context.
This freestanding building offers a versatile interior with a large open space that can support showroom, office, or retail uses. The property is positioned on a corner lot and is described as having previously been used by the government.
The building is located at 4020 Durand Ave in Racine, WI, with frontage along Durand Ave State Hwy 11 (16,406 VPD) and close proximity to prominent businesses.
Zoned B-2, the property is offered for sale. The remarks note that prior to new ownership, property taxes have not been assessed, and a new ownership will prompt tax assessment.
The building is located at 4020 Durand Ave in Racine, WI, with frontage along Durand Ave State Hwy 11 (16,406 VPD) and close proximity to prominent businesses.
Zoned B-2, the property is offered for sale. The remarks note that prior to new ownership, property taxes have not been assessed, and a new ownership will prompt tax assessment.
Key Highlights
- 8,029 SF freestanding building at 4020 Durand Ave., Racine, WI
- Zoned B‑2 and located on a corner lot along Durand Ave/State Hwy 11 (16), with traffic of 16,406 VPD
- Large open space suitable for showroom, office, or retail use
Local Financial Insights For Retail
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 | $120.4k | $15.00 |
| − Vacancy | −$3.7k | −$0.47 |
| EGI | $116.7k | $14.54 |
| − OpEx | −$35.0k | −$4.36 |
| NOI | $81.7k | $10.17 |
8,029 SF · lease $15.00/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,157 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
US Social Security ...
Social Security Office
Similar For Sale Nearby
Similar Off Market Nearby
- CarpetsPlus Colortile of Racine — 2301 Lathrop Ave, Racine, WI 53405
FAQs
What type of property is this?
Showroom - Freestanding showroom building on a corner lot along Durand Ave with a large open space and zoned B-2.
Where is this showroom located?
The property is located at 4020 Durand Ave Racine, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,029 SF freestanding building at 4020 Durand Ave., Racine, WI; Zoned B‑2 and located on a corner lot along Durand Ave/State Hwy 11 (16), with traffic of 16,406 VPD; Large open space suitable for showroom, office, or retail use
