4020 Durand Ave, Racine, WI 53405

Building Details

Building Size 8,029 SF More

Year Built 1972 More

Buildings 1 More

Listing Agency: DeRango Real Estate Services

Listed By: Anna Maria DeRango · License WI WI38546-090 Show Phone

Source: Esorgroup

Added: Sep 24 Changed: Nov 8 Last Checked: Nov 9 at 6:07PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 8,029-square-foot freestanding retail property was built in 1972 and has a largely open interior. The space can accommodate showroom, office, or retail functions. The property is zoned B-2 and occupies a corner lot at 4020 Durand Ave. in Racine.

Durand Ave. is also State Hwy 11, with reported traffic of 16,406 vehicles per day. The building previously served a government use.

Key Highlights

• 8,029 SF freestanding retail building
• State Hwy 11 frontage with reported traffic of 16,406 VPD
• B‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$81,691

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,633,820 $1.6M

Cap Rate 7%

$1,167,014 $1.2M

Cap Rate 9%

$907,678 $907.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 8,029 SF

Gross rent

$120.4K $15.00/SF

− Vacancy

−$3.7K −$0.47/SF

EGI

$116.7K $14.54/SF

− OpEx

−$35.0K −$4.36/SF

NOI

$81.7K $10.17/SF

Area

Racine County, WI

Vacancy

3.10%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,633,820

Cap Rate 7%

$1,167,014

Cap Rate 9%

$907,678

Alternative Uses

Best Use

Retail

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,691 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,157 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

US Social Security ... Social Security Office

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Garden Center

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

16,406 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

476

Businesses Nearby

100k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 37% Dining 37% Groceries 24% Apparel 3%

McDonald's Dining

25,594 visits/mo 0.4 miles

Piggly Wiggly Groceries

23,814 visits/mo 0.2 miles

Dollar Tree Shops & Services

8,282 visits/mo 0.2 miles

BP Shops & Services

7,360 visits/mo 0.1 miles

Family Dollar Shops & Services

6,093 visits/mo 0.3 miles

Demographics for 53405, WI

25,561

Population

11,509

Households

2.2

Avg Household Size

39

Median Age

26%

College-Educated

90%

High-School Grad

6.6 sq mi

ZIP Area

3,873

Density / Sq Mi

$68,339

Median Household Income

$40,162

Median Earnings

$946

Median Rent

$173,600

Median Home Value

Market

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

$81.12 Jul

$63.13 Aug

$67.46 Sep

$106 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

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Frequently Asked Questions

What type of property is this?

Retail space - An open interior offers flexibility for showroom, office, or retail operations.

Where is this retail space located?

The property is located at 4020 Durand Ave Racine, WI.

What are key features of this property?

This property features: 8,029 SF freestanding retail building; State Hwy 11 frontage with reported traffic of 16,406 VPD; B‑2 zoning