Property profile

2300 Racine St Mt Pleasant, WI 53403

OFF-MARKET
Warehouses
Property ID
US92-1998871
0.78 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two warehouse buildings situated on a 0.78-acre lot at 2300 Racine Street in Mount Pleasant, Wisconsin. The property boasts a combined square footage ranging from 3,500 to 10,000 square feet, offering significant flexibility for various industrial uses. Currently, both buildings are operating under month-to-month leases, providing immediate income potential and future development options. The property is zoned M-2, allowing for a wide range of industrial activities. The strategic location on Racine Street (Highway 32) provides unparalleled access to high traffic volume, with an estimated 13,000 cars passing daily, ensuring excellent visibility and accessibility for tenants. Ample parking is available on-site, catering to both tenants and their clients. The property's APN is 151032321005010. This is a rare chance to acquire a well-located, income-producing industrial property in a thriving area of Racine County, Wisconsin, with a zip code of 53403. The asking price for this prime industrial real estate is $600,000. This presents a strong return on investment potential due to the high traffic count and existing lease agreements.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Lot 0.78 ac (33,977 SF)
APN 151 032321005010
UPID US92-1998871

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2300 Racine St Mt Pleasant, WI 53403
Mt Pleasant metro Census 800 RACINE, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2022
Price N/A
2004
$170,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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