1065 Racine RdMenasha, WI 54952

Property Details for 1065 Racine Rd

Year built

1982

Lot size

1.46 AC

Property size (Sq ft)

11,500 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 11,500 square foot shopping center, located at 1065 Racine Rd in Menasha, Wisconsin, presents a compelling investment opportunity. Built in 1982 and extensively renovated between 2019 and 2020, the property boasts a Class B designation and sits on a 1.46-acre lot. Currently operating at 100% occupancy with seven units, the center generates a substantial Net Operating Income (NOI) of $66,047, yielding a strong 10.18% cap rate. The asking price is $649,000, translating to $56.43 per square foot. The property is zoned B-3 and benefits from excellent visibility and traffic counts due to its convenient location off Highway 441. This owner-user investment is a rare find, offering immediate cash flow and significant potential for future growth. The single-story building provides ample space for a variety of retail businesses. This is a turn-key operation ready for a new owner to step in and continue the success. Don't miss this chance to acquire a highly profitable retail property in a thriving Wisconsin market.

Location Insight

City

Menasha

County

Winnebago

State

Wisconsin

Latitude

44.2187

Longitude

-88.4436

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