Retail Commercial Real Estate in 53406
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Downtown Douglas Avenue Uptown Live Towerview 53405 53403 53404 53402
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Price
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Investment Opportunity | Aurora Healthcare Anchored Retail Center
7300 Washington Ave
Mount Pleasant, WI
Lot Size:1.45Acres
Colliers | Wisconsin Investment Services Team is pleased to present the opportunity to acquire the Aurora Healthcare Anchored Wellness Center located in Racine (Mount Pleasant), Wisconsin. Built in 2006, this well maintained medical office/fitness property consists of 63,236 square feet. The property is 98% leased to three tenants: Aurora Health Care, Razor Sharp Fitness and Century 21. With the brand new 10 year Razor Sharp lease commencing at the time of sale, the weighted average term remaining for this building sits at an attractive 8.5 years. Razor Sharp has invested nearly $300,000 in their space since 2016. The building has seen recent capital improvements totaling over $150,000 including parking lot sealcoating and striping (2021) and replacement of several RTUs (2021 & 2017).
The asset is strategically positioned along a highly desirable and frequently traveled commercial/retail corridor (Highway 20) in Racine. Nearby retailers include Walmart, Kohl’s, Festival Foods, Big Lots and Dollar Tree.
Long-Standing Tenant History - Both Aurora and Razor Sharp Fitness, making up 95% of premises, have occupied their spaces since the building was constructed in 2006. Additionally, Razor Sharp will execute a brand new 10 year lease upon closing
Highly Trafficked Location - Subject property is strategically located along Highway 20 (Washington Ave) with traffic counts of over 33,000 VPD. The property is also one and a half miles due east from Green Bay Rd which boasts traffic counts of 33,000 VPD. This high image corner provides excellent visibility and access to/ from Interstate 41/94
Major Nearby Developments - The surrounding area is experiencing exceptional growth with over 6.2 million square feet in developments over the past four years
Exceptional Demographics - Local demographics feature a population of over 117,143 within a 5-mile radius and includes income over $70,941 with an additional 2.5% population growth projected by 2026
Strong, E-Commerce Resistant Tenants - The building is leased to tenants who all rely on their brick & mortar location to be successful
Sale:
$8,440,000
$8,440,000
1.45Acres
5101 Washington Ave
Racine, WI
Building Size:16,000SF
Possible multi-unit housing or office space on the south side of the parcel
More info
1,200 SF -
52,708 SF
52,708 SF
Build-To-Suit or Land Lease Available
4900 Spring St
Mount Pleasant, WI
BUILD-TO-SUIT OR LAND LEASE AVAILABLE
Rare, Hard Corner Available in High Growth Market
More info
74,052 SF
6108 Regency West Drive
6108 Regency West Dr
Mount Pleasant, WI
More info
More info
6035 Durand Avenue
6035 Durand Ave
Mount Pleasant, WI
More info
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6300 Washington Avenue
6300 Washington Ave
Mount Pleasant, WI
More info
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6,885 Sq Ft Food & Beverages in Racine, WI for sale
5880 Durand Ave
Racine, WI
Lot Size:1.52Acres
5880 Durand Avenue located in Racine, WI is a 6,885 square foot Food & Beverages, Restaurant property that was built in 2013.This class A building is situated on a 1.52 acre land parcel.The property is being offered at the following list price: $2,112,000 at a Cap Rate of 6.25% with an estimated NOI of 132,000.Offered by Andrew Chason.
Sale:
$2,112,000
$2,112,000
1.52Acres
2429 South Green Bay Road
2429 S Green Bay Rd
Racine, WI
More info
More info
5201 Washington Avenue
5201 Washington Ave
Mount Pleasant, WI
More info
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5900 Durand Avenue
Racine, WI
More info
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6100 Washington Avenue
6100 Washington Ave
Mount Pleasant, WI
More info
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6012 Washington Avenue
6012 Washington Ave
Mount Pleasant, WI
More info
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1229 North Green Bay Road
Mount Pleasant, WI
More info
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933 South Newman Road
933 Newman Rd
Mount Pleasant, WI
Lot Size:0.67Acres
More info
0.67Acres
6026 Washington Avenue
6026 Washington Ave
Mount Pleasant, WI
More info
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4801 Washington Avenue
4801 Washington Ave
Racine, WI
Lot Size:5.84Acres
Sale:
$9,384,801
$9,384,801
5.84Acres
6500 Washington Avenue
6500 Washington Ave
Mount Pleasant, WI
Lot Size:3.50Acres
Sale:
$1,750,000
$1,750,000
3.50Acres
5310 Washington Avenue
5310 Washington Ave
Mount Pleasant, WI
Building Size:6,886SF
Sale:
$1,100,000
$1,100,000
6,886SF
4700 Washington Avenue
4700 Washington Ave
Racine, WI
More info
More info
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Market Stats
53406 has 61 commercial real estate spaces for lease, representing 490,575 sqft space.
24 buildings are available for sale.
In the past 30 days, 53406 has had 4 spaces leased.
Cities that include 53406
Metropolitan areas that include 53406
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