5141 Douglas Avenue

Racine, WI 53402

Listing ID: 215301

$5.00 (SF / Year)

For Lease

Property Type Retail : Shopping Center
Unit Sq Ft 86,479
Annual Rate/Sq Ft $5.00
Monthly Price $36,032.00
Service Type NNN

5141 Douglas Avenue Racine, WI 53402 - main image

5141 Douglas Avenue Racine, WI 53402 - alt image 2

5141 Douglas Avenue Racine, WI 53402 - alt image 3

Description

Opportunity to co-anchor Green Tree Centre with the only Pick 'n Save in Caledonia! Located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine, this center has control of the northern full-access point off Highway 32 and a 4.7:1,000 sf parking ratio. Built in 1990, with a new roof added in 2012 (warranty through 8/20/27). This property is zoned for B-3 - Commercial Service District. There is a current lease in place through 5/31/21 with 9 5-year options; the owner is willing to terminate the lease if a buyer or lessee desires. Subject to Greentree Centre REA. The building can be demised.

Attachments & Files

kmartbuilding-caledonia-wpR-h2S.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		4,930	42,191	95,123
Population Median Age		42	42	40
Population by Age	0-9 Yrs	490 (9%)	4310 (10%)	11645 (12%)
	10-19 Yrs	615 (12%)	5342 (12%)	12894 (13%)
	20-29 Yrs	551 (11%)	4374 (10%)	11493 (12%)
	30-39 Yrs	491 (9%)	4361 (10%)	10987 (11%)
	40-49 Yrs	713 (14%)	5585 (13%)	11707 (12%)
	50-59 Yrs	776 (15%)	6560 (15%)	14102 (14%)
	60-69 Yrs	769 (15%)	6025 (14%)	11983 (12%)
	70+ Yrs	525 (10%)	5635 (13%)	10312 (10%)

Median HH Income		$81,809	$66,034	$56,356
Total Household Income	< 24K	241 (12%)	2932 (16%)	8551 (22%)
	25-49K	372 (19%)	3885 (21%)	8729 (22%)
	50-74K	239 (12%)	3035 (17%)	6828 (17%)
	75-99K	409 (21%)	2581 (14%)	5029 (12%)
	100-199K	580 (30%)	4204 (23%)	7857 (20%)
	200K+	86 (4%)	1071 (6%)	1700 (4%)

Highest Education Level	No Diploma	261	2313	6996
	Diploma or GED	1100	8649	18600
	Some College	662	6798	14926
	Assoc. Degree	446	3223	6572
	Bachelors Degree	708	5529	10686
	Higher Degree	303	3755	6691

Total Housing Units		2,027	18,700	41,297
--Owner-Occupied		1,528	12,988	24,684
--Renter-Occupied		399	4,719	14,010
Owner-Occupied Values	< 100K	113	2100	5333
	100-199K	548	5668	10553
	200-299K	754	3433	5744
	300-399K	79	946	1562
	400-499K	27	322	705
	500K+	8	519	787

Total Working Age Population		4,102	34,696	75,609
In Work Force		2,641	21,352	46,781
Not In Work Force		1,461	13,344	28,828
Workforce Employed		2,560	20,529	44,221
Workforce Unemployed		73	804	2,532
Civlian Workforce		2,633	21,333	46,753
Military Workforce		8	19	28

Total Households		1,927	17,707	38,694
Family Households		1,365	11,709	25,025
Non-Family Households		562	5,998	13,669
Married Couple		1,247	9,408	18,016
Other Family		119	2,302	7,009
Married w/Child		517	3,504	6,798
Single Male w/Child		20	281	1,163
Single Female w/Child		36	899	3,178

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Wisconsin	5,363,675	+6	5,686,986	+6	6,005,080	+6	6,375,910
Milwaukee County	940,164	+1	947,735	+3	972,610	+1	980,450
Racine County	188,831	+3	195,408	+4	203,560	+5	212,740

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.