Technical
Financial
Distress signals
Property profile

3700 Durand Ave Racine, WI 53405

OFF-MARKET
Turn key restaurants
Property ID
US92-1341285
915 SF 0.3 ac lot Built 1950
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 915 SF
Lot 0.3 ac (13,112 SF)
Zoning code B3
APN 276 000023860004
UPID US92-1341285

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

3700 Durand Ave Racine, WI 53405-4423
Racine metro Census 901 RACINE, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
Last sale
$260,000
7 recorded transactions
2024
$260,000
2024
$117,900
2020
Price N/A
2011
$140,000
2006
$395,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B3 · Racine, WI

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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