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Property profile & analytics
OFF-MARKET
Warehouses

3064 Douglas Ave Racine, WI 53402

2,592 SF 0.66 ac lot Built 1986
Entity Owned Free & Clear
Property ID
US92-1037767
Property summary
AI-generated overview

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'.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1986
Total area 2,592 SF
Lot 0.66 ac (28,924 SF)
Zoning code B2
APN 276 000021216002
UPID US92-1037767
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rbo LLC
Rbo LLC
since 2025
Last sale
$425,000
4 recorded transactions
2025
$425,000
2025
Price N/A
2023
Price N/A
2022
$709,000
Zoning & alternative use
B2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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