2121 Ole Davidson RdRacine, WI 53405

Property Details for 2121 Ole Davidson Rd

Lot size

1.06 AC

Property type

Auto shops

APN

151 032306089010

APU

151032306089010

Description

This exceptional investment opportunity presents a 6,670 square foot convenience store located at 2121 Ole Davidson Road in Racine, Wisconsin, 53405. Built in 1950, the property sits on a sizable lot with potential for future expansion, given its smaller building footprint. The building boasts B-2 Community Business zoning, allowing for adaptability and diverse commercial uses. The asking price is $569,000, translating to $82.46 per square foot. Ample parking is available with 25 spaces. Currently, the property includes an owner-occupied retail unit and a tenant-occupied auto shop operating on a month-to-month lease. The strategic location in a high-density population neighborhood ensures high visibility and consistent foot traffic. The property benefits from full, unrestricted right-in/right-out and left-in/left-out access to Ole Davidson Road (Sth 31), providing excellent accessibility for customers and deliveries. This presents a rare chance to acquire a well-situated commercial property with significant upside potential in a thriving Wisconsin community.

• CAP approach

  CAP return

  Valuation

  6%

  $12,255,778

  6.5%

  $11,313,026

  7%

  $10,504,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,813,083

  Geo Method

  $15,155,692

• Alternative Use

  Use

  Valuation

  Residential

  $9,542,960

  Hospitality

  $8,741,300

  Educational

  $7,272,660

  Medical

  $7,522,777

  Retail

  $11,313,026

Location Insight

City

Racine

County

Racine

State

Wisconsin

Latitude

42.7461

Longitude

-87.8358

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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