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Property profile & analytics
OFF-MARKET
Auto shops

2121 Ole Davidson Rd Racine, WI 53405-1542

1.06 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US92-1999671
Property summary
AI-generated overview

This exceptional investment opportunity presents a 6,670 square foot convenience store located at 2121 Ole Davidson Road in Racine, Wisconsin, 53405. Built in 1950, the property sits on a sizable lot with potential for future expansion, given its smaller building footprint. The building boasts B-2 Community Business zoning, allowing for adaptability and diverse commercial uses. The asking price is $569,000, translating to $82.46 per square foot. Ample parking is available with 25 spaces. Currently, the property includes an owner-occupied retail unit and a tenant-occupied auto shop operating on a month-to-month lease. The strategic location in a high-density population neighborhood ensures high visibility and consistent foot traffic. The property benefits from full, unrestricted right-in/right-out and left-in/left-out access to Ole Davidson Road (Sth 31), providing excellent accessibility for customers and deliveries. This presents a rare chance to acquire a well-situated commercial property with significant upside potential in a thriving Wisconsin community.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 1.06 ac (46,174 SF)
APN 151 032306089010
UPID US92-1999671
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
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Ayras Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • CoinFlip Bitcoin ATM Bank Loan Service
  • Athena Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Akil LLC · 10 yrs held
Akil LLC
since 2016
3 recorded transactions
2016
Price N/A
2016
$390,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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