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2210 Rapids Dr | 1817362 | First Weber REALTORS
Listing provided courtesy of Only Real Estate Group - MLS#1817362MLS Provider

2210 Rapids Dr

Racine, WI 53404
Commercial · 120,205 Sq. ft.

$2,250,000 Active

Overview

Time on Site:
136 days
Visits:
7

RAPIDS DRIVE SHOPPING CENTER is strategically located on Rapids Dr. occupied by a small business collective of makers, artists, and restaurant operators. Each business leases a 250 SF+/- to 350 SF+/- suite for a one (1) year term. In addition to a full bar with both Class A and Class B liquor licenses, there is a full-size commercial kitchen that hosts a variety of food operators depending on the month along with having a tobacco license as well as a gambling license. A permit for mini warehouse is currently under negotiation. Outside of the Midwest Market, surrounded by a few national retail brands including Family Dollar, Family Furniture, WIC Nutrition, SOL Flex Fitness, Tip-On Nails, Yellow Ginger

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Facts & Features

  • Type Commercial
  • Sq. ft. 120,205
  • Price/Sq.ft. $18

General

Association/HOA
  • Association Y/N: No
Income/Expenses
  • Gross Income: 342636.0
  • Annual Operating Expense: 96052.0
  • Net Operating Income: 246585.0
Building Information
  • Year Built: 1965
  • New Construction Y/N: No
Location/Region
  • Location: Near Public Transit, Shopping Center
  • Postal City: Racine
  • County Or Parish: RACINE
Building Exterior/Construction
  • Building Type: Free Standing
Rent/Lease Information
  • Annual Rent Per Sq. Ft: 6.00
Tax Information
  • Tax Year: 2021
  • Tax Annual Amount: $19,218.00
General Information
  • Exclusions: Sellers personal property
  • Inclusions: Liquor License, full commercial kitchen
  • Zoning: B2
  • Bus/Com Type: Retail, Special Purpose, Other
  • Commercial Features: Expenses Include: Property Insurance, Expenses Include: Repair & Maintenance, Expenses Include: Taxes-Pers. Property, Truck Door Height: 13 - 15 Feet, Truck Door(s), Inside Storage, Loading Dock, Offices, Pole Sign, Restroom(s), Security Lighting
  • Property Type: Commercial
  • Commercial Sale Includes: License(s), BusinessName, Outbuildings, Real Estate

Interior

Building Interior
  • Heat Fuel: Natural Gas
  • Heating Cooling: Central Air, Individual Heating Units
  • Water Waste: Municipal Sewer, Municipal Water
  • Commercial Ceiling Height: 16 - 20 feet
General Information
  • Basement: None / Slab
  • Stories Total: 21+
  • Living Area (SqFt): 120205.00

Exterior

Parking Information
  • Parking Total: 400.0
Lot Information
  • Lot Size Acres: Over 5 to 10 acres
  • Lot Size Area: 6.4
  • Road Surface Type: High Visibility, Town/City, Proximity to Highway: 7 - 10 Miles
Waterfront/View
  • Waterfront Y/N: No
Building Exterior/Construction
  • Roof: Rubber/Membrane, Tar/Gravel
  • Construction Materials: Brick, Brick/Stone, Partial-Steel

Neighborhood

Community

53404 (Racine) Demographics
30
Median Age
3,015
Population Density (per sq. mile)
19%
College Educated
$36,224
Estimated Median Income
2,385
Estimated Total Home Owners
3,002
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
2
Public
Jefferson Lighthouse Elementary
  • Grades: KG - 5
  • Enrollment: 496
Middle Schools
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$165,814
Median Sales Price
$115
Median Price per Square Foot
0
Properties Sold
7
New on Market
77
Average Days on Market
20
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value
1/13/2023Source: WIREX-Metro Price Reduction
$2,600,000 -13.5%
11/15/2022Source: WIREX-Metro Price Reduction
$2,650,000 -1.9%
11/5/2022Source: WIREX-Metro Added to Database