Racine, Wisconsin, offers a unique opportunity for investors to capitalize on the city's rich industrial history and diverse economy. With a strong presence of major corporations such as J. I. Case, S. C. Johnson & Son, and Dremel Corporation, Racine has established itself as a hub for heavy equipment manufacturing, cleaning and chemical products, and heat exchangers. Retail Properties in Racine are an attractive investment option, providing a chance to tap into the city's steady economic growth. These properties can represent a range of investments, from small, independent shops to larger, big-box stores. Racine's amenities, including the Racine Art Museum, the Racine Theater Guild, and the Racine Symphony Orchestra, make it an attractive location for businesses and residents alike. The city's infrastructure, including the Belle Urban System and Batten International Airport, provides easy access to major transportation hubs. With a population of around 80,000, Racine offers a stable and growing market for retail businesses. The city's scenic location on the shores of Lake Michigan and its proximity to Milwaukee and Chicago make it an ideal spot for both business and travel.
Racine's Retail Properties are situated in a city with a strong industrial heritage and a diverse economy. Nearby, Shopping Centers offer a range of retail options, from small boutiques to large department stores. Restaurants in Racine provide a variety of dining experiences, from casual eateries to fine dining establishments. Office Properties in the city are home to a range of businesses, from small startups to major corporations. Hotels in Racine cater to the city's growing tourism industry, with options ranging from budget-friendly motels to luxury hotels. With 7 Retail Properties available for sale, investors have a range of options to choose from. The average price per square foot for Retail Properties in Racine is $175 USD, with an average size of 6,387 square feet and a largest size of 12,000 square feet. The average cap rate for Retail Properties in Racine is 5.5%. Overall, Racine's Retail Properties offer a unique investment opportunity in a city with a rich history, diverse economy, and growing tourism industry.
What is the average cap rate for retail properties in Racine?
When it comes to investing in retail properties in Racine, understanding the average cap rate is crucial. According to current market data, the average cap rate for retail properties in Racine is 5.5%, which is a key metric to consider when evaluating potential investments - for a deeper dive into this important concept, be sure to check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Racine, Wisconsin, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated in high-traffic areas like downtown Racine, near the Belle Urban System, or close to major employers like J. I. Case and S. C. Johnson & Son tend to command higher prices, with an average price per square foot of $175 USD and an average size of 6,387 square feet, compared to those in less accessible or lower-demand areas.
