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    4801 Washington Ave Racine, WI 53406

    Sponsored
    For Sale
    $1,200,000

    4.86-acre prime commercial site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.86-acre site at 4801 Washington Ave, Racine, WI 53406, is offered at $1,200,000. Zoned B-2 Community Shopping, it presents a fantastic redevelopment opportunity for various uses including hospitality, multifamily, senior living, retail, or a combination thereof. The property boasts convenient access to major roadways, including proximity to I-94 (5.97 miles) and Route 31 (0.4 miles), ensuring high visibility and accessibility. Water and sewer are available on-site. The location benefits from a high-traffic area with 30,000 vehicles daily and is surrounded by established retail amenities, offering further development potential. This motivated seller presents a unique chance to capitalize on the economic growth and tax incentives attracting businesses to Southeastern Wisconsin. The property's APN is 276-00-00-22-879-002. This is a truly remarkable investment opportunity in a thriving location.

    Property Features for 4801 Washington Ave

    General Information

    Property type
    Retirement homes
    Lot Size
    211,789 SF

    HighLights

    • Motivated seller.
    • Southeastern Wisconsin's booming economy offers tax and economic incentives for businesses.
    • Water and sewer available on‑site.
    • 5.97 miles to I‑94.
    • 0.4 miles to Route 31.
    • Excellent location near existing retail amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The LASIK Vision Institute Surgical Center Heidi A. Shufelt, OD Optometrist higi Health Consultant ATM Atm Jeremy Laffin Pharmacy

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.836128997469
    Latitude
    42.716780521338

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    FAQs

    What type of property is this?
    Retirement home - 4.86-acre prime commercial site
    Where is this retirement home located?
    The property is located at 4801 Washington Ave Racine, 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: Motivated seller.; Southeastern Wisconsin's booming economy offers tax and economic incentives for businesses.; Water and sewer available on-site.
    Request Owner's contact information
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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
    4801 Washington Ave Racine, WI 53406
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