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    2005 Lathrop Ave Racine, WI 53405

    Sponsored
    For Lease
    $8 SF/Yr

    High-traffic retail space available

    Lot size:
    65,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 2005 Lathrop Ave in Racine County, offers 65,118 square feet of prime commercial space. Currently, 30,475 square feet is available for lease, divisible into units ranging from 1,850 to a maximum contiguous 13,255 square feet. The property boasts a highly desirable B2 zoning designation and sits on a substantial 4.82-acre lot. Built in 1958, the building features two suites and provides ample parking with 298 spaces. Benefit from exceptional visibility, with approximately 8,000 vehicles passing daily on Lathrop Avenue and 13,600 on 21st Street, according to Wisconsin Department of Transportation data. The property's convenient location is directly on a public transportation line, enhancing accessibility. Operational features include a loading dock and/or drive-in door, plus a full basement for added storage or expansion potential. The property's APN is 276 000023786000. This is a rare opportunity to secure a well-positioned retail space in a high-traffic area. Contact us today to learn more about leasing options.

    Property Features for 2005 Lathrop Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,118 SF
    Total Rate
    43412

    Building Details

    Year Built
    1958

    Unit(s) available at that property

    Space
    2005 Lathrop Ave #B-1
    Size
    9,796 SF
    Rate per SF
    $12
    Space
    2033 Lathrop Ave #2
    Size
    1,850 SF
    Rate per SF
    $12
    Space
    2035 Lathrop Ave:
    Size
    1,850 SF
    Rate per SF
    $12
    Space
    2051 Lathrop Ave #2
    Size
    13,255 SF
    Rate per SF
    $12
    Space
    2049 Lathrop Ave
    Size
    3,724 SF
    Rate per SF
    $12

    HighLights

    • 13,255 SF of retail space available for lease.
    • High visibility, with approx. 8,000 cars/day on Lathrop Ave and approx. 13,600 cars/day on 21st St (WisDOT data).
    • Located on a public transportation line.
    • Features a loading dock/drive‑in door.
    • Includes a full basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8255004
    Latitude
    42.7059707

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available
    Where is this retail property located?
    The property is located at 2005 Lathrop Ave Racine, WI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 13,255 SF of retail space available for lease.; High visibility, with approx. 8,000 cars/day on Lathrop Ave and approx. 13,600 cars/day on 21st St (WisDOT data).; Located on a public transportation line.
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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
    2005 Lathrop Ave Racine, WI 53405
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