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    5111-5141 Douglas Ave Racine, WI 53402

    Sponsored
    For Lease
    Contact for pricing

    Racine, WI Strip Center; 1,800 SF Vacant

    Lot size:
    78,011 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Discover Greentree Centre, a thriving retail strip center in Racine, Wisconsin. This prime location boasts a total of 78,011 square feet, currently anchored by a Pick 'n Save grocery store, complemented by established tenants such as Papa Murphy's Pizza and McDonald's. A highly desirable 1,800 square foot retail space is immediately available, presenting a unique opportunity for expansion or new business establishment. The center enjoys exceptional visibility and accessibility, situated at the intersection of Douglas Avenue (16,200 vehicles per day) and 4 Mile Road (11,900 vehicles per day), ensuring high traffic volume and significant consumer exposure. This strategic location benefits from a robust demographic profile, encompassing a population exceeding 83,500 people within a five-mile radius, with an average household income surpassing $71,100. The property is located in Racine County and offers a strong foundation for sustained business growth within a well-established and successful retail environment. This is an exceptional opportunity to secure a space in a high-performing shopping center with proven tenant success and a strong local customer base. The available space is ideal for a variety of retail uses. Contact us today to learn more about this exceptional opportunity.

    Property Features for 5111-5141 Douglas Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,011 SF

    Unit(s) available at that property

    Space
    Suite OL22
    Size
    1,800 SF

    HighLights

    • Pick 'n Save‑anchored strip center with Papa Murphy's Pizza and McDonald's.
    • High‑traffic location at the intersection of Douglas Ave (16,200 VPD) and 4 Mile Rd (11,900 VPD).
    • Strong demographics: 83,500+ residents within a 5‑mile radius, average household income over $71,100.
    • 78,011 total square feet, 1,800 square feet currently vacant.
    • Located in Racine County, Wisconsin.
    • One 1,800 sq ft retail space available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8072228
    Latitude
    42.7857258

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    FAQs

    What type of property is this?
    Neighborhood center - Racine, WI Strip Center; 1,800 SF Vacant
    Where is this neighborhood center located?
    The property is located at 5111-5141 Douglas Ave Racine, WI.
    What are key features of this property?
    This property features: Pick 'n Save-anchored strip center with Papa Murphy's Pizza and McDonald's.; High-traffic location at the intersection of Douglas Ave (16,200 VPD) and 4 Mile Rd (11,900 VPD).; Strong demographics: 83,500+ residents within a 5-mile radius, average household income over $71,100.
    Request Owner's contact information
    5111-5141 Douglas Ave Racine, WI 53402
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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
    5111-5141 Douglas Ave Racine, WI 53402
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