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    2005 Lathrop Ave Racine, WI 53405

    • Strip malls
    • 28,461 SF
    • 4.82 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $2,155,000
    Last Sale
    May 08, 2023
    $2,080,000
    Location Intelligence
    Property ID
    US92-0306352
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 2005 Lathrop Ave

    Year built
    1958
    Lot size
    4.82 lot acres
    Property size
    28,461 SF
    Zone code
    B2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    276 000023786000
    APU
    276000023786000

    Description

    This exceptional retail property, located at 2005 Lathrop Ave in Racine County, offers 65,118 square feet of prime commercial space. Currently, 30,475 square feet is available for lease, divisible into units ranging from 1,850 to a maximum contiguous 13,255 square feet. The property boasts a highly desirable B2 zoning designation and sits on a substantial 4.82-acre lot. Built in 1958, the building features two suites and provides ample parking with 298 spaces. Benefit from exceptional visibility, with approximately 8,000 vehicles passing daily on Lathrop Avenue and 13,600 on 21st Street, according to Wisconsin Department of Transportation data. The property's convenient location is directly on a public transportation line, enhancing accessibility. Operational features include a loading dock and/or drive-in door, plus a full basement for added storage or expansion potential. The property's APN is 276 000023786000. This is a rare opportunity to secure a well-positioned retail space in a high-traffic area. Contact us today to learn more about leasing options.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,205,000
      6.5%
      $2,240,000
      7%
      $1,955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,810,000
      Geo Method
      $1,925,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,035,000
      Retail
      $2,715,000
      Mixed-Use
      $2,555,000
      Hospitality
      $2,445,000
      Educational
      $2,075,000
      Residential Income
      $2,620,000
      Energy
      $2,015,000
      Income-Based Land
      $2,400,000
      Food Service
      $2,700,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8248
    Latitude
    42.7052
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,372
    $575,900
    $688,100
    $1,264,000
    -
    $637,806
    $762,067
    $1,399,873

    Comparable in this City

    • Value Estimation by Request
      14,961 SF

      1220 Lathrop Ave

      SHOPPING CENTER, STRIP CENTER • 14,961 SF
      1220 Lathrop Ave, Racine, WI 53405-2833
      View Details
    • Value Estimation
      $740,000
      5,408 SF

      2211 Lathrop Ave

      SHOPPING CENTER, STRIP CENTER • 5,408 SF
      2211 Lathrop Ave, Racine, WI 53405-4136
      View Details
    • Value Estimation
      $440,000
      5,099 SF

      3724 Durand Ave

      REGIONAL SHOPPING CENTER, MALL • 5,099 SF
      3724 Durand Ave, Racine, WI 53405-4423
      View Details
    • Value Estimation
      $9,745,000
      105,550 SF

      4003 Durand Ave

      MINI-MALL • 105,550 SF
      4003 Durand Ave, Racine, WI 53405-4400
      View Details
    • Value Estimation
      $2,265,000
      181,840 SF

      3701 Durand Ave

      MINI-MALL • 181,840 SF
      3701 Durand Ave, Racine, WI 53405-4454
      View Details
    • Value Estimation by Request
      6,424 SF

      2100 Lathrop Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,424 SF
      2100 Lathrop Ave, Racine, WI 53405-4134
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
      11,485 SF

      Grocery Anchored Retail Space

      Retail space in well-positioned, grocery-anchored shopping center.
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      View Details
    • $8 SF/Yr
      65,118 SF

      Lathrop Ave Retail Center

      High-traffic retail space available
      2005 Lathrop Ave, Racine, WI 53405
      View Details
    • Contact for pricing
      3,400 SF

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    Racine, WI 53405
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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
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