4901 Washington AveRacine, WI 53406

For Sale
$7,999,000

High-Yield Multi-Tenant Property in Racine, WI

Overview

Added:
Feb 3
Days on market:
39
This exceptional 85,387 square foot commercial property, situated on a 10-acre lot at 4901 Washington Avenue, Unit 4915, Racine, WI, presents a compelling investment opportunity. The property boasts a diverse portfolio of long-term tenants with a proven history of consistent rental payments. National brands such as Dollar General, CSL Plasma, and a Salvation Army store and donation center anchor the tenant mix, providing strong financial stability and predictable cash flow. Recent upgrades significantly enhance the property's value and curb appeal. These improvements include a newly renovated display sign, resealed and restriped parking lot, a completely repainted exterior facade with a modern aesthetic, and extensive new landscaping. Numerous smaller projects have also been completed to maintain the property's high standards. A recently completed five-year sprinkler system inspection and recertification ensures compliance and safety. The property's strategic location on Washington Avenue offers excellent visibility and accessibility. Furthermore, a potential outlot on Washington Avenue is available for sale, presenting an additional investment opportunity for a buyer. This property is ideally suited for a 1031 exchange or as a long-term, cash-flowing investment. The combination of strong tenants, recent upgrades, and potential for expansion makes this a truly remarkable investment prospect.

Property Details for 4901 Washington Ave

Property type
Other commercial real estate
Square Feet
85,387 SF
Year Built
1979
Lot Size (sq. ft)
435,600 SF

Location Insight

City
Racine
County
RACINE
State
Wisconsin
Latitude
42.71663
Longitude
-87.83874
4901 Washington Ave, Racine, Wisconsin

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4901 Washington Ave
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