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    2005 Lathrop Ave Racine, WI 53405-3758
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    Property profile & analytics

    2005 Lathrop Ave Racine, WI 53405-3758


    • Strip malls
    • 28,461 SF
    • 4.82 lot acres
    Off-Market
    Last Sale May 8, 2023
    $2,080,000
    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.

    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    Location Intelligence

    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
    Shopping 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 Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,180,000
      ML approach
      $2,075,000
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,960,000
      AUTO REPAIR, GARAGE
      $2,800,000
      RETAIL STORES
      $2,405,000
      COMMERCIAL (GENERAL)
      $1,945,000
      WAREHOUSE, STORAGE
      $1,360,000

    Get a detailed, property-specific estimation — fast and free


    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
    More about this property
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