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    Property profile & analytics

    3700 Durand Ave Racine, WI 53405

    • Turn key restaurants
    • 915 SF
    • 0.30 lot acres
    For Sale
    View listing
    $449,900
    Value Estimation
    Last Sale
    May 08, 2024
    $260,000
    Location Intelligence
    Property ID
    US92-1341285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taqueria los 2 hermanos / Mexican Restaurant / Breakfast Restaurant

    Property Details for 3700 Durand Ave

    Year built
    1950
    Lot size
    0.30 lot acres
    Property size
    915 SF
    Zone code
    B3
    Property type
    Turn key restaurants
    APN
    276 000023860004
    APU
    276000023860004

    Description

    This exceptional turnkey restaurant opportunity is located at 3700 Durand Avenue in Racine, Wisconsin. Boasting 915 square feet on a 0.3-acre lot, this property enjoys a prime location on a high-traffic road, ensuring excellent visibility and accessibility. The building features ample parking for customer convenience. The interior is fully equipped and furnished, allowing for immediate operation. Included in the sale are a comprehensive array of commercial kitchen equipment, such as an ice maker, four coolers, a walk-in cooler, a freezer, a fryer, a stove, a flat grill, and a beverage dispenser. The dining area is furnished and ready to welcome guests. Beyond the kitchen and dining area, the property includes two restrooms, a prominent front sign for increased visibility, and installed counter space. A state-of-the-art surveillance system and multiple TVs are also included. Recent updates enhance the property's appeal, including fresh paint, new flooring, and modern light fixtures. The presence of a drive-thru window adds significant potential for takeout and delivery services, catering to a broader customer base. This is a truly remarkable opportunity for a seamless transition into restaurant ownership, with seller assistance available to facilitate a smooth handover. Priced at $449,900, this property presents an exceptional return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $230,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $235,000
      Mixed-Use
      $230,000
      Hospitality
      $220,000
      Educational
      $250,000
      Residential Income
      $285,000
      Energy
      $215,000
      Income-Based Land
      $280,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8238
    Latitude
    42.6971
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,119
    $80,100
    $67,900
    $148,000
    -
    $88,710
    $75,198
    $163,908

    Comparable in this City

    • Value Estimation by Request
      5,020 SF

      2427 Lathrop Ave

      RESTAURANT • 5,020 SF
      2427 Lathrop Ave, Racine, WI 53405-4140
      View Details
    • Value Estimation
      $280,000
      2,000 SF

      2920 Taylor Ave

      RESTAURANT • 2,000 SF
      2920 Taylor Ave, Racine, WI 53405-4249
      View Details
    • Value Estimation
      $320,000
      2,598 SF

      2207 Lathrop Ave

      RESTAURANT • 2,598 SF
      2207 Lathrop Ave, Racine, WI 53405-4136
      View Details
    • Value Estimation
      $970,000
      8,029 SF

      2031 Lathrop Ave

      RESTAURANT • 8,029 SF
      2031 Lathrop Ave, Racine, WI 53405-3758
      View Details
    • Value Estimation
      $335,000
      3,137 SF

      2322 Lathrop Ave

      RESTAURANT • 3,137 SF
      2322 Lathrop Ave, Racine, WI 53405-4139
      View Details
    • Value Estimation by Request
      6,424 SF

      2100 Lathrop Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,424 SF
      2100 Lathrop Ave, Racine, WI 53405-4134
      View Details

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      High-traffic location, fully equipped, ready to operate.
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    Similar Nearby for Lease

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      High-traffic retail space available
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    • $14 SF/Yr
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    • Contact for pricing
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    3700 Durand Ave
    Racine, WI 53405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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