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    Washington Ave Mount Pleasant, WI 53406

    Sponsored
    For Sale
    $1,200,000

    4.64-acre lot, high traffic location, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 4.64-acre commercial and industrial land parcel presents a unique investment opportunity in Racine, Wisconsin. Located on Washington Avenue (STH 20), this property boasts high visibility and accessibility, with a daily traffic count exceeding 25,400 vehicles on Washington Avenue and an additional 5,400 vehicles on 90th Street. The site's 202,118 square feet offer ample space for a variety of development projects. Its strategic location places it in close proximity to a diverse mix of land uses, including commercial businesses, industrial and manufacturing facilities, office spaces, and high-density residential areas. The property is zoned BP - Business Park District, aligning with the city's long-range plan for commercial and business park development. All municipal services are readily available. The asking price is $1,200,000, translating to $290,948 per acre. The APN is 151032215050021 and the property is owned by Racine Federated, Inc. This prime location and zoning make this an exceptional opportunity for investors and developers seeking a high-traffic, versatile site in a thriving area. Don't miss this chance to acquire a significant piece of land in a rapidly developing region.

    Property Features for 0 Washington Ave

    General Information

    Property type
    Land
    Lot Size
    202,118 SF

    HighLights

    • 4.64‑acre commercial/industrial land parcel in Racine, WI.
    • High‑visibility location on Washington Ave (STH 20), with over 25,400 daily vehicles passing.
    • 202,118 square feet available for development.
    • Zoned BP - Business Park District.
    • Asking price: $1,200,000 ($290,948/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mount Pleasant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.894613083223
    Latitude
    42.719266287024

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    FAQs

    What type of property is this?
    Land - 4.64-acre lot, high traffic location, ideal for development.
    Where is this land located?
    The property is located at Washington Ave Mount Pleasant, 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: 4.64-acre commercial/industrial land parcel in Racine, WI.; High-visibility location on Washington Ave (STH 20), with over 25,400 daily vehicles passing.; 202,118 square feet available for development.
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    Washington Ave Mount Pleasant, WI 53406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Washington Ave Mount Pleasant, WI 53406
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