4901 Washington AveRacine, WI 53406

Property Details for 4901 Washington Ave

Year built

1979

Lot size

10.00 AC

Property size (Sq ft)

85,387 SF

Property type

Commercial real estate

Description

This exceptional 85,387 square foot commercial property, situated on a 10-acre lot at 4901 Washington Avenue, Unit 4915, Racine, WI, presents a compelling investment opportunity. The property boasts a diverse portfolio of long-term tenants with a proven history of consistent rental payments. National brands such as Dollar General, CSL Plasma, and a Salvation Army store and donation center anchor the tenant mix, providing strong financial stability and predictable cash flow. Recent upgrades significantly enhance the property's value and curb appeal. These improvements include a newly renovated display sign, resealed and restriped parking lot, a completely repainted exterior facade with a modern aesthetic, and extensive new landscaping. Numerous smaller projects have also been completed to maintain the property's high standards. A recently completed five-year sprinkler system inspection and recertification ensures compliance and safety. The property's strategic location on Washington Avenue offers excellent visibility and accessibility. Furthermore, a potential outlot on Washington Avenue is available for sale, presenting an additional investment opportunity for a buyer. This property is ideally suited for a 1031 exchange or as a long-term, cash-flowing investment. The combination of strong tenants, recent upgrades, and potential for expansion makes this a truly remarkable investment prospect.

Location Insight

City

Racine

County

RACINE

State

Wisconsin

Latitude

42.7166

Longitude

-87.8387

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