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2210-2400 Rapids Dr
Racine, WI 53404 Mount Pleasant

$1,249,900 USD

Freestanding Condos For Sale  •  32,748+ SF

Property Details

  • Property Type Freestanding
  • Total Building Size 120,205 SF
  • Lot Size 12 AC
  • Building Class B
  • Year Built 1965
  • Tenancy Multiple
  • Zoning B2
38 Transit Score
56 Walk Score

2 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 2210 Retail 71,646 SF $1,249,900 USD
  • Unit Size: 71,646 SF
  • Condo Use: Retail
  • Price: $1,249,900 USD
  • Sale Type: Investment
  • Price/SF: $17.45 USD
Description
This impressive 71,646 sq ft building hosts a highly successful indoor market, featuring both 7-day-a-week and weekend-only vendor spaces. The market offers a diverse array of unique items, including all the equipment needed for an ice cream and popcorn store, making it a destination for shoppers. You could empty the market and use all the space as you want. The building is equipped with a full commercial kitchen and holds both Class A and Class B liquor licenses, ideal for various events and business ventures. Recent upgrades include new light fixtures and air handlers, ensuring a comfortable environment year-round. The property also boasts ample parking. A convenient truck door facilitates smooth deliveries, adding to the buildings versatility.

Sale Notes
Financials will be shared once a confidential agreement is signed. Can also purchase the adjacent condo to own the whole building.

1st Floor - Unit 2300 Retail 32,748 SF $1,249,900 USD
  • Unit Size: 32,748 SF
  • Condo Use: Retail
  • Price: $1,249,900 USD
  • Sale Type: Investment
  • Price/SF: $38.17 USD
Description
The site currently includes a Flex Gym, boasting new HVAC systems and updated lighting, ensuring a comfortable and efficient workout environment. Additional tenants include a well-established nail salon, Yellow Ginger restaurant, and a WIC office, catering to a variety of community needs. Family Furniture and Family Dollar further enhance the convenience of this location. Ample parking is available, making it easy for customers and clients to access the diverse range of services offered. This versatile property, with its blend of existing amenities and potential for further development, represents a prime investment opportunity in a thriving area. Possibility to build other buildings on the outlots also exists

Sale Notes
Rent roll will be made available once confidential agreement signed. Leases will be available as part of the due diligence.
Can also purchase the second condo to own the whole property.

Highlights

Two adjacent parcels in a retail center.
Corner location for great visibility.

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Sturtevant Amtrak Station (Hiawatha Service - Amtrak) 15 min - 7.3 mi
AirportDriveWalkDistance
General Mitchell International 33 min - 18.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 400
Type: Surface
Included in Rent: Yes
Karen Sorenson RE/MAX Newport
Karen Sorenson RE/MAX Newport