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    OFF-MARKET
    Neighborhood centers

    5111-5141 Douglas Ave, Racine, WI 53402

    78,011 SF
    Property ID
    Property summary
    AI-generated overview

    Discover Greentree Centre, a thriving retail strip center in Racine, Wisconsin. This prime location boasts a total of 78,011 square feet, currently anchored by a Pick 'n Save grocery store, complemented by established tenants such as Papa Murphy's Pizza and McDonald's. A highly desirable 1,800 square foot retail space is immediately available, presenting a unique opportunity for expansion or new business establishment. The center enjoys exceptional visibility and accessibility, situated at the intersection of Douglas Avenue (16,200 vehicles per day) and 4 Mile Road (11,900 vehicles per day), ensuring high traffic volume and significant consumer exposure. This strategic location benefits from a robust demographic profile, encompassing a population exceeding 83,500 people within a five-mile radius, with an average household income surpassing $71,100. The property is located in Racine County and offers a strong foundation for sustained business growth within a well-established and successful retail environment. This is an exceptional opportunity to secure a space in a high-performing shopping center with proven tenant success and a strong local customer base. The available space is ideal for a variety of retail uses. Contact us today to learn more about this exceptional opportunity.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 78,011 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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