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    FOR LEASE
    Community centers

    3900 Erie St, Racine, WI 53402

    91,381 SF 6.62 ac lot Built 1960
    Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US92-0140964
    3900 Erie St, Racine, WI 53402 For Lease
    $14 SF/Yr
    3900 Erie St, Racine, WI 53402
    View Listing →
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents 91,381 square feet of space within the Shorecrest Shopping Center, located at 3900 Erie St, Racine, WI 53402, at the cross streets of Erie & 3 Mile Road. The single-story building offers a variety of spaces, perfect for a range of retail businesses. Currently, there are 17,995 square feet of vacant space available, divisible into units as small as 1,300 square feet and up to a maximum contiguous space of 7,320 square feet. Five individual spaces are currently available for lease. The property boasts ample parking with 394 spaces for customer convenience. This strip/neighborhood center is strategically positioned in Racine, Wisconsin, offering excellent visibility and accessibility for businesses seeking a thriving retail location. The property is classified as a retail space and is ideal for businesses seeking a well-established location with high foot traffic potential. The property's convenient location and ample parking make it an attractive option for both businesses and customers. This is a fantastic opportunity to establish or expand your retail presence in a vibrant community. Contact us today to learn more about leasing options and availability.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1960
    Total area 91,381 SF
    Lot 6.62 ac (288,324 SF)
    Zoning code B2
    APN 276 000005969003
    UPID US92-0140964
    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
    Current use
    Occupant on record · Public records
    • Razor Sharp Fitness Gym & Fitness Center
    • Main Moon Chinese Restaurant Restaurant
    • Redbox Cinema (Bike/Boat/Book/etc) Store
    • Piggly Wiggly Grocery & Convenience Store Food Market
    • BrownSuga Nails & Beauty Supply Store (Bike/Boat/Book/etc) Store Cosmetic Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.23M
    Owner & transaction history
    Erie & Three Mile Road LLC · 21 yrs held
    Erie & Three Mile Road LLC
    since 2004
    3 recorded transactions
    2004
    1969
    1969
    Zoning & alternative use
    B2 · Racine, WI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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