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Property profile & analytics
OFF-MARKET
Land

5000 3 Mile Rd Racine, WI 53406

8.39 ac lot
Property ID
US92-1149169
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 8.39 ac (365,468 SF)
UPID US92-1149169
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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