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BANKRUPTCY SALE106,157 Sq. Ft. Fee-Owned Big Box Retail Store Available
5500 Durand Avenue, Racine, WI
Property Information Memorandum
Michael Jerbich
(312) 454-2057
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE.NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THEACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION ISSUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASEAND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TOBANKRUPTCYCOURTAPPROVAL.
Chris Draper
(312) 454-4522
Jim Terrell
(815) 527-5188
Alexandra Graiser
(631) 465-9514
__________________________________________________OFFERING SUMMARY
• OFFERING SUMMARY
Available for sale is a 106,157 Sq. Ft. one-story department store that is currently owner occupied by Boston Store (a Bon-Ton store). The property is situated on 11.10 acres. The property is physically attached to and serves as an anchor store for the Regency Mall
• OFFERING HIGHLIGHTS
• Excellent opportunity for Big Box / Retail Department Store Users• Additional properties also available• Contact A&G Realty Partners for a complete portfolio list• All offers will be considered
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________PROPERTY OVERVIEW
• PROPERTY DESCRIPTION
Address:Regency mall5500 Durand AvenueRacine, WI 53406
County: Racine County
Land Area: 11.10 acres
Building Size: 106,157 Sq. Ft.
Site Shape: Irregular
Site Topography: Level at Street Grade
No. Buildings / Stories: One / One
Year Built / Renovated: 1980
Parcel ID: 23876-012
Current Property Taxes: $141,219
Zoning: B2, Community Shopping District
Parking:The property contains 785 surface parking spaces. The parking spaces are asphalt-paved and striped.
Site Improvements:The site improvements include asphalt paved parking areas, curbing, signage, landscaping, yard lighting and drainage.
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________IMPROVEMENTS OVERVIEW
• IMPROVEMENTS DESCRIPTION
• INTERIOR DETAIL
HVAC: The property is heated and cooled via package rooftop units.
Elevator Service:The department store building does not contain escalators and elevators due to the one-level layout.
Fire Protection: 100% sprinklered
• MECHANICAL DETAIL
The department store building is oriented along the east side of the Regency Mall and faces the primary parking field for the mall. Primary exterior access to the subject is from the south building elevation. There are additional exterior entrances along the north and east elevations. The store also has interior mall access from the single-level mall attached to the west. Generally, the subject store consists of open selling floor with perimeter office, receiving, and storage space.
Floor Covering: Carpet & tile
Walls: Drywall
Lighting: Fluorescent and incandescent
Ceiling: Acoustical tile
Basic Construction: Steel and masonry
Foundation: Reinforced concrete slab
Framing: Structural steel with masonry
Floors: Concrete slab
Exterior Walls: Masonry
Roof Type: Flat with parapet walls
Windows: Thermal windows in aluminum frames
Pedestrian Doors: Glass and metal
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________PHOTOGRAPHS
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________SURVEY
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________AERIAL MAPS
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________MAP & LOCATION OVERVIEW
• LOCATION SUMMARY
The property is located in the city of Racine in Racine County, Wisconsin. The subject property is located in the northeast quadrant of Durand Avenue and Green Bay Road in Racine, Wisconsin. The location is the eastern anchor position of the Regency Mall. Generally, the boundaries of the immediate area are Washington Avenue to the north, Taylor Avenue to the east, Braun Road to the south, and Willow Road to the west. The central business district of Racine is 3.5 miles northeast of the subject.
• ACCESS SUMMARY
Local: Direct access to the subject property is made from Durand Avenue, the neighborhood’s primary east/west arterial in the subject’s market, resulting in good local access. The subject property is accessible from mall access drives that serve the mall’s ring road and the subject’s parking field. Both Durand Avenue (south) and Green Bay Road (west) connect with the mall access drives that serve the subject property. The subject’s east anchor position provides average visibility from Durand Avenue as the subject’s south/east elevations face the “rear” of the mall.
Regional: Durand Avenue extends slightly over 5 miles to the west to connect with Interstate 94. This interstate extends in a north/south direction and serves Milwaukee to the north and Chicago to the south. The Milwaukee CBD is located 25 miles to the north and the Chicago CBD is located 75 miles to the south. Overall, the subject has good regional accessibility.
T: 312-454 -2057 www.agrealtypartners.com
__________________________________________________CONFIDENTIALITY AND DISCLAIMER
Confidentiality and Conditions
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE. NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION IS SUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASE AND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TO BANKRUPTCY COURT APPROVAL.
T: 312-454 -2057 www.agrealtypartners.com
