Listed by Mid America Real Estate Milwaukee
$3,350,000
Vacant 86K Retail Box - Racine, WI
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 86,479
Net Rentable (SqFt) 86,479
Units 1
Tenancy Multi
Class B
Year Built 1990
Buildings 1
Stories 1
Acreage 10.200
Zoning B-3 Commercial Service District
Investment Type Value Add
Ownership 100
Vacant Retail Box on 10.2 Acres | Racine, WI MSA
Marketing description
Opportunity to co-anchor Greentree Centre with the only Pick 'n Save in Caledonia! Located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine, this center has control of the northern full-access point off Highway 32 and a 4.7:1,000 sf parking ratio.
Built in 1990, with a new roof added in 2012 (warranty through 8/20/27). This property is zoned for B-3 - Commercial Service District.
Village of Caledonia has expressed willingness to enter into a Public-Private Partnership with user/investor to help stimulate redevelopment. Uses could include Multi-Family Housing, Office, Retail or Special Use.
Investment highlights
- Opportunity for redevelopment at Greentree Centre with the only Pick ‘n Save in Caledonia
- Located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine
- 4.7:1,000 SF parking ratio
- Built in 1990 with a new roof added in 2012 (warranty through 8.20.27
- B-3 zoning - Commercial Service District
- Subject to Greentree Centre REA
- Pylon signage opportunity
Listing Contacts
Listed by Mid America Real Estate Milwaukee
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