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    3064 Douglas Ave Racine, WI 53402

    Sponsored
    For Sale
    $1,250,000

    Prime 2-acre Racine auto shop site. High potential.

    Property size:
    2,592 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity presents a prime 2-acre site in Racine, Wisconsin, ideally suited for a variety of commercial ventures. Located at 3064 Douglas Ave, this property boasts two existing buildings totaling approximately 13,900 square feet, including a 11,352 square foot masonry building with aluminum siding and a 2,592 square foot metal storage building. The seller will be responsible for building demolition. The property is zoned B-2 Community Shopping District and features convenient access via three existing curb cuts. Utilities include an 8-inch sanitary sewer, a 6-inch water main, and a 21-inch storm sewer. The site benefits from a "no further action" letter from the Wisconsin Department of Natural Resources, ensuring environmental compliance. The property is divisible, with Lot 1 encompassing 1.11 acres and Lot 2 spanning 0.89 acres. Loading is facilitated by multiple drive-in doors of varying sizes. Ceiling heights range from 9'10" to 10'3". Setbacks are "zero" at the front and side, requiring a fire wall between buildings if maintained at this proximity, and 25' at the rear. The 2023 real estate taxes totaled $15,123.04. This is an outstanding opportunity to acquire a strategically located, versatile property with significant redevelopment potential in a thriving community. The property's dimensions are 331' x 283'.

    Property Features for 3064 Douglas Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    2,592 SF
    Lot Size
    38,768 SF

    Building Details

    Buildings
    2

    HighLights

    • $1,250,000 asking price; seller responsible for demolition.
    • Two‑building retail property totaling 13,944 square feet (11,352 SF and 2,592 SF).
    • 2‑acre lot divisible into two parcels (1.11 acres and 0.89 acres) in Racine, WI, zoned B‑2.
    • Property features multiple drive‑in doors and varying ceiling heights.
    • Clean environmental record with a No Further Action letter from the Wisconsin DNR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8012568
    Latitude
    42.7572011

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    FAQs

    What type of property is this?
    Automotive property - Prime 2-acre Racine auto shop site. High potential.
    Where is this automotive property located?
    The property is located at 3064 Douglas Ave Racine, WI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price; seller responsible for demolition.; Two-building retail property totaling 13,944 square feet (11,352 SF and 2,592 SF).; 2-acre lot divisible into two parcels (1.11 acres and 0.89 acres) in Racine, WI, zoned B-2.
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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
    3064 Douglas Ave Racine, WI 53402
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