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Property profile & analytics
OFF-MARKET
Retirement homes

4801 Washington Ave Racine, WI 53406

4.86 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retirement homes
Lot 4.86 ac (211,789 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The LASIK Vision Institute Medical Clinic Hospital
  • Heidi A. Shufelt, OD Physician
  • higi Physician
  • ATM Atm
  • Jeremy Laffin Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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