5000 3 Mile Rd Racine, WI 53406
This exceptional 8.39-acre commercial land parcel in Racine County, Wisconsin, presents a unique investment opportunity. Located at 5000 3 Mile Rd, Racine, WI 53406 (APN: 104042225095000), this property boasts a desirable location and is zoned for residential use. The expansive lot offers breathtaking panoramic views and an impressive 620 feet of Root River frontage, creating a picturesque setting ideal for a variety of development projects. The sloped terrain allows for a potential walkout basement design, seamlessly integrating indoor and outdoor living spaces. Buyers are encouraged to conduct their own due diligence with the Village of Caledonia regarding permitted uses and development plans. Access to the property is via a shared driveway with the adjacent property to the east; prospective buyers should adhere to posted signage regarding parking and access. Please note that entry onto the property without a scheduled appointment is prohibited. While the property is currently zoned residential, its size and location make it suitable for a range of commercial ventures, subject to local zoning regulations. The asking price for this remarkable property is $375,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.