3064 Douglas Ave Racine, WI 53402
This exceptional redevelopment opportunity presents a prime 2-acre site in Racine, Wisconsin, ideally suited for a variety of commercial ventures. Located at 3064 Douglas Ave, this property boasts two existing buildings totaling approximately 13,900 square feet, including a 11,352 square foot masonry building with aluminum siding and a 2,592 square foot metal storage building. The seller will be responsible for building demolition. The property is zoned B-2 Community Shopping District and features convenient access via three existing curb cuts. Utilities include an 8-inch sanitary sewer, a 6-inch water main, and a 21-inch storm sewer. The site benefits from a "no further action" letter from the Wisconsin Department of Natural Resources, ensuring environmental compliance. The property is divisible, with Lot 1 encompassing 1.11 acres and Lot 2 spanning 0.89 acres. Loading is facilitated by multiple drive-in doors of varying sizes. Ceiling heights range from 9'10" to 10'3". Setbacks are "zero" at the front and side, requiring a fire wall between buildings if maintained at this proximity, and 25' at the rear. The 2023 real estate taxes totaled $15,123.04. This is an outstanding opportunity to acquire a strategically located, versatile property with significant redevelopment potential in a thriving community. The property's dimensions are 331' x 283'.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Racine, WIRacine. Always verify with local authorities before improvements.
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.