1101 Mound Ave Racine, WI 53404
Property profile & analytics
1101 Mound Ave Racine, WI 53404
- Warehouses
- 45,371 SF
- 1.22 lot acres
Property ID
US92-0149806
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 1101 Mound Ave
- Year built
- 1922
- Lot size
- 1.22 lot acres
- Property size
- 45,371 SF
- Zone code
- I2
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 276 000003107000
- APU
- 276000003107000
Description
This exceptional value-add opportunity presents a 55,000-square-foot flex space located at 1101 Mound Ave, Racine, WI 53404. The property, known as The Marquette, is a four-story, 1922-built building renovated in 2010, situated on a 1.2-acre lot. Currently vacant, this multi-tenant property offers significant redevelopment potential. The building features four loading docks and four dock-high doors, along with a 13-foot ceiling height. The asking price is $810,000, representing a price per square foot of $14.72 and a land value of $20 per square foot. The property boasts a 7.40% cap rate and a net operating income (NOI) of $59,996. The existing layout includes a 2,200-square-foot condo with three bedrooms and two bathrooms, along with two garages, offering a template for future residential units. The existing office space presents opportunities for retail or mixed-use development. The five vacant stories could be suitable for self-storage. The property's strategic location at the intersection of Mound Ave, Marquette Street, and Liberty Street, less than half a mile from downtown Racine and Lake Michigan, and within an Opportunity Zone, makes it an attractive investment for developers seeking a prime location with significant upside potential. The property is offered as a fee simple absolute ownership with a gross lease type. The net rentable square footage is 45,000 square feet.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $570,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,039,000
- AI Estimate
- $1,182,000
Market price range: $882k - $2.78MMarket price range: $911k - $3.18M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Racine
- County
- Racine
- State
- Wisconsin
- Longitude
- -87.7935
- Latitude
- 42.7296
- 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
$18,373
$26,600
$692,400
$719,000
-
$29,459
$766,829
$796,288
