Racine, WI
Commercial Real Estate Market Trends & Data

$132 Avg asking sale price
$16 Avg asking lease rate
41,000 SF Avg unit lease size
82,390 SF Avg building size for sale
7.30% Average cap rate

Racine's Demographic Profile

Racine has 30,732 households and a median income of $49,639, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 76,393
# Households 30,732
Median age 36
Median household income $49,639
Avg household size 2.0
Renter-occupied housing units 14,679
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Racine, WI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Racine $117 22,329 SF 8.99%
Mount Pleasant $117 22,329 SF 8.99%
Kenosha $135 14,898 SF 7.15%
Franklin $173 19,103 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Racine $79 272,141 SF 8.99%
Mount Pleasant $79 260,649 SF 8.99%
Nearby Retail Markets Avg Cost/SF Typical Size
Racine $62 23,535 SF
Mount Pleasant $85 22,069 SF
Caledonia $44 50,718 SF
Somers $359 3,708 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Racine $101 17,709 SF 6.10%
Mount Pleasant $140 17,709 SF 6.10%
South Milwaukee $178 30,228 SF 7.40%
Bay View $173 9,733 SF 6.07%

Commercial Properties For Sale in Racine

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

5141 Douglas Ave

Caledonia, WI 53402

  • 86,476 SF Retail Building
  • $3,350,000
For Sale

Lot 1 CSM 3481

Mount Pleasant, WI 53406

  • 1.19 AC Lot
  • 1 Commercial Lot
  • $550,000
For Sale

National Ave

Racine, WI 53406

  • 4 AC Lot
  • 1 Commercial Lot
  • $749,900
For Sale

Sierra Professional Building

Racine, WI 53406

  • 8,223 SF Office Building
  • 7.31% Cap Rate
  • $975,000
For Sale

Belle Harbor

Racine, WI 53403

  • 78,748 SF Multifamily
  • 6.10% Cap Rate
  • $11,000,000
For Sale

Harbor at State and Main

Racine, WI 53403

  • 84,000 SF Multifamily
  • $183,120 - $480,400

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Racine pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Racine $132 82,390 SF
Mount Pleasant $143 83,519 SF
Caledonia $63 57,833 SF
Sturtevant $131 260,647 SF
Somers $225 12,843 SF

Multifamily Properties For Sale in Racine

For Sale

Belle Harbor

Racine, WI 53403

  • 78,748 SF Multifamily
  • 6.10% Cap Rate
  • $11,000,000

Regional Demographic Comparison

This comparison places Racine alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Racine or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Racine 76,393 30,732 36 $49,639 2 14,679 -1%
Caledonia 24,531 9,865 45 $88,667 2 1,937 -2%
Sturtevant 6,628 2,063 41 $79,816 2 622 -1%
Somers 9,669 3,805 40 $74,347 2 1,295 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Racine, WI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Racine

View All Commercial Real Estate For Sale in Racine
Is Racine a good market for a first-time commercial real estate investor?

Racine offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Racine?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Racine. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Racine?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Racine. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Racine compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Racine. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Racine acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Racine, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends