2312 Douglas AveRacine, WI 53402

Property Details for 2312 Douglas Ave

Year built

1946

Lot size

0.30 AC

Property size (Sq ft)

1,975 SF

Zone code

B3

Property type

Retail properties

Property subtype

Drive through restaurants

APN

276 000020956010

APU

276000020956010

Description

This thriving Racine, Wisconsin restaurant presents a fantastic owner-user investment opportunity. Located at 2312 Douglas Ave, this 1,976 square foot establishment sits on a 0.303-acre lot and is offered at $499,900. Currently operating as a successful breakfast and lunch spot, the business boasts a high demand for dinner service, representing significant untapped potential for growth. The restaurant comfortably seats approximately 60 patrons and includes a convenient carry-out window for added convenience. Ample parking is available with 32 designated spots. The property is categorized as retail, specifically a restaurant, and is being sold as a turnkey operation. The sale includes all necessary equipment and infrastructure, allowing a new owner to seamlessly transition into operations. Simply bring your staff – a cook, waitress, and manager – and begin serving customers. This is an exceptional chance to acquire a well-established business with immediate revenue generation and significant upside in a desirable location within Racine County, Wisconsin, zip code 53402. The property's prime location and existing customer base provide a solid foundation for continued success and expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $524,216

  6.5%

  $483,892

  7%

  $449,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,281

  Geo Method

  $648,254

• Alternative Use

  Use

  Valuation

  Residential

  $408,181

  Hospitality

  $373,892

  Educational

  $311,073

  Medical

  $321,772

  Retail

  $483,892

Location Insight

City

Racine

County

Racine

State

Wisconsin

Latitude

42.7499

Longitude

-87.7987

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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