2300 Racine StMount Pleasant, WI 53403

  • Industrial properties
  • 0.78 AC
For Sale
$600,000 View listing

Property Details for 2300 Racine St

Lot size
0.78 AC
Property type
Industrial properties
Property subtype
Other warehouses
APN
151 032321005010
APU
151032321005010

Description

This exceptional investment opportunity presents two warehouse buildings situated on a 0.78-acre lot at 2300 Racine Street in Mount Pleasant, Wisconsin. The property boasts a combined square footage ranging from 3,500 to 10,000 square feet, offering significant flexibility for various industrial uses. Currently, both buildings are operating under month-to-month leases, providing immediate income potential and future development options. The property is zoned M-2, allowing for a wide range of industrial activities. The strategic location on Racine Street (Highway 32) provides unparalleled access to high traffic volume, with an estimated 13,000 cars passing daily, ensuring excellent visibility and accessibility for tenants. Ample parking is available on-site, catering to both tenants and their clients. The property's APN is 151032321005010. This is a rare chance to acquire a well-located, income-producing industrial property in a thriving area of Racine County, Wisconsin, with a zip code of 53403. The asking price for this prime industrial real estate is $600,000. This presents a strong return on investment potential due to the high traffic count and existing lease agreements.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,022,159
    Hospitality
    $6,432,260
    Educational
    $5,351,564
    Medical
    $5,535,613
    Retail
    $8,324,656
2300 Racine St, Mount Pleasant, Wisconsin

Location Insight

City
Mt Pleasant
County
Racine
State
Wisconsin
Latitude
42.701
Longitude
-87.7941
CBSA code
39540
CBSA name
RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,668
$31,200
$176,000
$207,200
-
$31,281
$176,457
$207,738

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