Pleasant Wisconsin MtRacine, WI 53408

For Sale
$2,000,000

20 Acres, Prime Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 20-acre commercial land parcel presents a unique investment opportunity in Mount Pleasant, Wisconsin. Located in Racine County, with a zip code of 53408 (latitude 42.72, longitude -87.84), this property is zoned for residential use and boasts a compelling location within the thriving Mount Pleasant area. The asking price is $2,000,000, translating to $100,000 per acre. The property's APN is 151-03-22-07-020-010. Its strategic position benefits from proximity to significant developments, including the new Aurora Medical Center and the future Educators Credit Union Headquarters, as well as several adjacent multi-family developments. Furthermore, the site is situated within TIF #7, offering potential tax advantages. A retail shopping corridor is conveniently located just 5.4 miles east, a short 10-minute drive. Access is facilitated by full freeway interchanges within 2 miles. The area is experiencing substantial growth, fueled by a proposed Microsoft investment exceeding $1 billion, encompassing at least four data centers with a projected assessed value of $1.4 billion by 2028. This development is expected to generate 2,300 construction jobs and 2,000 permanent positions. Recent infrastructure improvements include a $750 million investment in local roads, water, and electrical systems. The current mill rate is $16.720267 per $1,000 of assessed value. This property offers unparalleled potential for significant returns in a rapidly expanding market.

Highlights

  • High-growth area with new Aurora Medical Center, future Educators Credit Union headquarters, and nearby multifamily developments.
  • Located within Tax Increment Financing District #7.
  • Retail corridor five miles east, a ten-minute drive.
  • Full freeway interchanges within two miles.
  • Microsoft's planned $1B+ investment includes four data centers, projected $1.4B assessed value by 2028.
  • Microsoft project to create 2,300 construction jobs and 2,000 permanent jobs.

Property Details for Pleasant Wisconsin Mt

Property type
Other land, Land
Lot Size (sq. ft)
871,200 SF

Location Insight

City
Racine
County
Racine
State
Wisconsin
Latitude
42.72
Longitude
-87.84
Pleasant Wisconsin Mt, Racine, Wisconsin

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Pleasant Wisconsin Mt
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