2121 Ole Davidson Rd Racine, WI 53405-1542
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.