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High-Traffic Retail Center in Racine
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5201-5409 Washington Avenue, Racine, WI 53406

135,827 SF retail center on Racine's busiest intersection.

Space SizeContact for details
Days on Market262

Property Features for 5201-5409 Washington Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE, Inc.
Listed By: Devin Tessmer
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 7 at 5:43AM

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 CBRE, Inc.

Investment Insights

Based on property information with market context.

Racine Centre is a 135,827 square foot retail center located at a high-traffic intersection in Racine County, with a combined daily vehicle count exceeding 60,000 on Highways 20 and 31. The property is situated within a prime commercial area, sharing proximity with national retailers including Kohl's, Wal-Mart, Big Lots, Chick-fil-A, and VASA Fitness. Tenant improvements are negotiable, as is the lease rate.

Key Highlights

  • High‑traffic location: Over 60,000 vehicles per day at the intersection of Highways 20 & 31.
  • Size: 135,827 SF retail center.
  • Prime trade area: Shared with national retailers.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Building Supply Storage Facility

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

689
Businesses Nearby
462k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 39% Shops & Services 23% Groceries 19% Apparel 15%
Kohl's Apparel
55,714 visits/mo 0.3 miles
Chick-fil-A Dining
46,179 visits/mo 0.2 miles
Walmart Neighborhood Market Groceries
41,901 visits/mo 0.4 miles
Skogen's Festival Foods Groceries
39,305 visits/mo 0.5 miles
Five Below Shops & Services
38,130 visits/mo 0.4 miles

Demographics for 53406, WI

27,078
Population
11,634
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
93%
High-School Grad
16.4 sq mi
ZIP Area
1,651
Density / Sq Mi
$78,427
Median Household Income
$46,745
Median Earnings
$990
Median Rent
$262,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Racine Center 5201 Washington Ave, Mt Pleasant, WI 53406
  • Village Center 5540 Washington Ave, Racine, WI 53406
  • Westgate Square Shopping Center 4701 Washington Ave, Racine, WI 53406
  • Village Center 5740 washington ave, mt pleasant, wi 53406
  • Pioneer Village 6100 Washington Ave, Mt Pleasant, WI 53406

Frequently Asked Questions

What type of property is this?
Shopping center - 135,827 SF retail center on Racine's busiest intersection.
Where is this shopping center located?
The property is located at 5201-5409 Washington Avenue Racine, WI.
What are key features of this property?
This property features: High‑traffic location: Over 60,000 vehicles per day at the intersection of Highways 20 & 31.; Size: 135,827 SF retail center.; Prime trade area: Shared with national retailers.
More about this property
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