3900 Erie StRacine, WI 53402

Property Details for 3900 Erie St

Year built

1960

Lot size

6.62 AC

Property size (Sq ft)

91,381 SF

Zone code

B2

Property type

Community centers

APN

276 000005969003

APU

276000005969003

Description

This exceptional retail opportunity presents 91,381 square feet of space within the Shorecrest Shopping Center, located at 3900 Erie St, Racine, WI 53402, at the cross streets of Erie & 3 Mile Road. The single-story building offers a variety of spaces, perfect for a range of retail businesses. Currently, there are 17,995 square feet of vacant space available, divisible into units as small as 1,300 square feet and up to a maximum contiguous space of 7,320 square feet. Five individual spaces are currently available for lease. The property boasts ample parking with 394 spaces for customer convenience. This strip/neighborhood center is strategically positioned in Racine, Wisconsin, offering excellent visibility and accessibility for businesses seeking a thriving retail location. The property is classified as a retail space and is ideal for businesses seeking a well-established location with high foot traffic potential. The property's convenient location and ample parking make it an attractive option for both businesses and customers. This is a fantastic opportunity to establish or expand your retail presence in a vibrant community. Contact us today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $24,254,888

  6.5%

  $22,389,128

  7%

  $20,789,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,378,770

  Geo Method

  $29,993,986

• Alternative Use

  Use

  Valuation

  Residential

  $18,886,068

  Hospitality

  $17,299,536

  Educational

  $14,393,011

  Medical

  $14,888,009

  Retail

  $22,389,128

Location Insight

City

Racine

County

Racine

State

Wisconsin

Latitude

42.769

Longitude

-87.788

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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