- For Sale $6,100,000
- Property Type Retail
- Property Size 91,381 SF
- Lot Size 7.12 Acre
- Cap Rate % 8.03
- Zoning LB2 LOCAL BUSINESS
- # of Floors 1
- Parking Spaces Avail. 394
- Parking Ratio 4.31 / 1,000 SF
- Year Built 1960
- Date Updated Nov 6, 2026
Description
Newmark, as exclusive advisor, is pleased to present
the opportunity to acquire Shorecrest Shopping
Center, a 91,381 SF shopping center located at 3900
Erie Street in Racine, Wisconsin. The property is
anchored by Piggly Wiggly, Dollar Tree, and Razor
Sharp Fitness, providing a stable mix of daily-needs
retail and service-oriented tenancy that drives
consistent customer traffic and supports long-term
occupancy. Strategically positioned along Erie Street,
one of Racine’s primary commercial corridors, the
property benefits from excellent visibility, convenient
access, and a dense surrounding residential
population. The center serves as a key retail
destination for the local community, with its grocery
anchor and complementary national and regional
tenants. Offered at $6,100,000, the price represents a
8.03 CAP on current income.
Number of Units
14
Occupancy
77.7%
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