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5509 Durand Ave
Racine, WI 53406
Mount Pleasant Plaza · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
61,812 SF
Building Class
B
Year Built
1992
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
5.52 AC
Zoning
B-2, County
Parking
286 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
343’ on Durand Ave

Amenities

  • Pylon Sign
  • Signage

About 5509 DURAND AVE , RACINE, WI 53406

Mount Pleasant Plaza consists of three retail buildings positioned at 5509, 5543-5557 Durand Ave. The center, situated on ±5.52 acres, is ideally located along Durand Avenue (Hwy 11) in Mt. Pleasant, Wisconsin. The property is directly across the street from Racine's regional mall, Regency Mall. National retailers in the trade area include Target, The Home Depot, Ross, Burlington, Best Buy, and many others. Traffic counts exceed 60,000 VPD at the immediate intersection of Hwy 11 and Hwy 31, the second most traveled intersection in Racine. The center is in a neighborhood comprising a mix of both multifamily and single family housing. Traffic generators in the area include, CNH, JI Case, Foxconn, SC Johnson and InSinkErator. The center benefits from its signalized intersection location, which it shares with Regency Mall. There are multiple curb cuts along Wood Road and one along Durand Avenue. Excellent lease line with traditional modular storefronts and an abundance of parking at 5:1,000. The property is separately parceled, providing the opportunity to sell off the 17,710 SF vacant mid-box and the Pet Supplies Plus buildings separately.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 151-032225036040
  • 151-032225036050
Land Assessment
$1,983,000
Improvements Assessment
$6,478,700
Total Assessment
$8,461,700
  • Listing ID: 15047022

  • Date on Market: 2/1/2019

  • Last Updated:

  • Address: 5509 Durand Ave, Racine, WI 53406

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