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    2300 Racine St Mount Pleasant, WI 53403

    For Sale
    $600,000

    Mount Pleasant industrial warehouse, high traffic.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents two warehouse buildings situated on a 0.78-acre lot at 2300 Racine Street in Mount Pleasant, Wisconsin. The property boasts a combined square footage ranging from 3,500 to 10,000 square feet, offering significant flexibility for various industrial uses. Currently, both buildings are operating under month-to-month leases, providing immediate income potential and future development options. The property is zoned M-2, allowing for a wide range of industrial activities. The strategic location on Racine Street (Highway 32) provides unparalleled access to high traffic volume, with an estimated 13,000 cars passing daily, ensuring excellent visibility and accessibility for tenants. Ample parking is available on-site, catering to both tenants and their clients. The property's APN is 151032321005010. This is a rare chance to acquire a well-located, income-producing industrial property in a thriving area of Racine County, Wisconsin, with a zip code of 53403. The asking price for this prime industrial real estate is $600,000. This presents a strong return on investment potential due to the high traffic count and existing lease agreements.

    Property Features for 2300 Racine St

    General Information

    Property type
    Distribution properties
    Square Feet
    3,500 SF
    Lot Size
    33,977 SF

    HighLights

    • Two warehouse buildings totaling 3,500‑10,000 square feet on a 0.78‑acre lot.
    • Both buildings are currently leased month‑to‑month.
    • Ample on‑site parking is available.
    • High‑traffic location on Highway 32 (Racine Street) with approximately 13,000 cars per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7936209
    Latitude
    42.7013427

    Nearby Comparable

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      Racine Industrial & Corporate HQ

      Prime industrial and corporate headquarters opportunity in Racine, Wisconsin.
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    • Contact for pricing
      0.11 Acres

      Racine Commercial Land: Prime Location

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    • $265,000
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      Racine Retail Property For Sale

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      1312 N Memorial Dr, Racine, WI 53403
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    FAQs

    What type of property is this?
    Distribution property - Mount Pleasant industrial warehouse, high traffic.
    Where is this distribution property located?
    The property is located at 2300 Racine St Mount Pleasant, WI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Two warehouse buildings totaling 3,500-10,000 square feet on a 0.78-acre lot.; Both buildings are currently leased month-to-month.; Ample on-site parking is available.
    Request Owner's contact information
    2300 Racine St Mount Pleasant, WI 53403
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    Mount Pleasant, 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
    2300 Racine St Mount Pleasant, WI 53403
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