2065 Lathrop AveRacine, WI 53405

Property Details for 2065 Lathrop Ave

Year built

2000

Lot size

0.83 AC

Property size (Sq ft)

7,041 SF

Zone code

B2

Property type

Retail space

APN

276 000023820000

APU

276000023820000

Description

This Racine, Wisconsin retail strip center presents a prime leasing opportunity at 2065 Lathrop Avenue, zip code 53405. The property encompasses a total of 7,001 square feet, with 5,656 square feet currently available for lease. Situated on a 0.83-acre lot in Racine County, the center offers ample parking with 40 spaces for customer and employee convenience. The versatile layout is ideal for a variety of retail or commercial uses, allowing businesses to customize the space to meet their specific needs. The efficient floor plan promotes streamlined operations and effective product displays. This property offers a dynamic and adaptable space for businesses seeking to engage their target audience in a high-traffic location. The property is classified as a multi-tenant retail strip center. The location provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,868,864

  6.5%

  $1,725,105

  7%

  $1,601,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,801,358

  Geo Method

  $2,311,068

• Alternative Use

  Use

  Valuation

  Residential

  $1,455,191

  Hospitality

  $1,332,947

  Educational

  $1,108,996

  Medical

  $1,147,136

  Retail

  $1,725,105

Location Insight

City

Racine

County

Racine

State

Wisconsin

Latitude

42.7045

Longitude

-87.8255

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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