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    1328 Memorial Dr Racine, WI 53403

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    For Sale
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    0.11-acre commercial lot, R-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.11-acre commercial land parcel, located at 1328 S Memorial Dr in Racine, Wisconsin, presents a unique investment opportunity. Situated in Racine County, zip code 53403, this property is zoned R-3, offering a range of potential commercial development options. The lot's convenient location provides easy access to local amenities and transportation routes. With an asking price of $25,000, this property represents an attractive entry point into the Racine commercial real estate market. The property's APN is 10059000. This is a blank canvas for a discerning investor seeking to establish a presence in a thriving Wisconsin community. The land's size and zoning provide flexibility for a variety of commercial ventures. Don't miss this chance to acquire a strategically located commercial lot in a desirable area. Act quickly to secure this promising investment opportunity. The coordinates for the property are latitude 42.7160719 and longitude -87.7993424.

    Property Features for 1328 Memorial Dr

    General Information

    Property type
    Land
    Lot Size
    4,792 SF

    HighLights

    • 0.11‑acre commercial lot in Racine, WI, at 1328 S Memorial Dr.
    • Zoned R‑3, offering diverse commercial development potential.
    • Asking price: $25,000.
    • APN: 10059000.
    • Convenient location with easy access to amenities and transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hydronics of Racine Inc Heating Contractor

    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
    -87.7993424
    Latitude
    42.7160719

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    FAQs

    What type of property is this?
    Land - 0.11-acre commercial lot, R-3 zoning.
    Where is this land located?
    The property is located at 1328 Memorial Dr Racine, WI.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: 0.11-acre commercial lot in Racine, WI, at 1328 S Memorial Dr.; Zoned R-3, offering diverse commercial development potential.; Asking price: $25,000.
    Request Owner's contact information
    1328 Memorial Dr Racine, WI 53403
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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
    1328 Memorial Dr Racine, WI 53403
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