Kmart Building for Sale or Lease

5141 Douglas Avenue, Racine, WI 53402

Property Information

  • For Sale $3,350,000
  • Property Type Retail - Community Center
  • Property Size 86,479 SF
  • Lot Size 10.2 Acre
  • Parking Ratio 4.70 / 1,000 SF
  • Property Tenancy Single Tenant
  • Year Built 1990
  • Date Updated Jun 23, 2026

Description

Highway 32 & 4 Mile RoadOpportunity to co-anchor Green Tree Centre with the only Pick 'n Save in Caledonia! Located on Highway 32 and 4 Mile Road, approximately 2 miles northwest of Racine, this center has control of the northern full-access point off Highway 32 and a 4.7:1,000 sf parking ratio. Built in 1990, with a new roof added in 2012 (warranty through 8/20/27). This property is zoned for B-3 - Commercial Service District. There is a current lease in place through 5/31/21 with 9 5-year options; the owner is willing to terminate the lease if a buyer or lessee desires.

Contacts

Location

Located at 5141 Douglas Avenue, Racine, WI 53402, this property is part of the Park Meadows Estates neighborhood and Milwaukee market.

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