Contacts
Newmark
Newmark
Property Details
- 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
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%
Reach out to the broker for more info on lease terms and amenities
Getting around
-
46/100
Walk Score ®
-
39/100
Transit Score ®
-
47/100
Bike Score ®
Location
- City Racine, WI
- Neighborhood Northbrook
- Zip Code 53402
- Market Milwaukee
Points of Interest
-
Sturtevant
6.95 miles
-
Mobil
0.31 miles
-
Casey's
1.14 miles
-
Speedway
1.48 miles
-
Citgo
1.49 miles
-
Mitch and Marty's Citgo
1.56 miles
-
BP
1.57 miles
-
Citgo Gas and Food Mart
2.32 miles
-
MJ Petroleum
3.00 miles
-
Shoop Public Parking Ramp
2.65 miles
-
Lake Avenue Ramp
2.74 miles
-
Civic Centre Public Ramp
2.91 miles
-
McMynn Parking Ramp
3.00 miles
-
700 Park-Villa Lot
3.05 miles
-
Lot A
3.25 miles
-
Lot D
3.26 miles
-
Lot C
3.37 miles
-
Lot B
3.41 miles
-
semi parking
8.79 miles
-
Main Moon
0.01 miles
-
Blue Bear Bakery
0.06 miles
-
DeRango's Pizzeria East
0.12 miles
-
Bella Cibo
0.71 miles
-
Domino's
0.71 miles
-
Charcoal Grill
0.71 miles
-
DeRango's Pizza Palace
0.75 miles
-
Burger King
0.85 miles
-
Oh Dennis Saloon & Charcoal House
0.87 miles
-
Mi Tierra
0.90 miles
-
Piggly Wiggly
0.06 miles
-
Pantry Foods
0.72 miles
-
ALDI
1.02 miles
-
Pick 'n Save
1.49 miles
-
Flatiron Village Mall
1.92 miles
-
Rio Grande Foods
2.53 miles
-
Lincoln Super Market
2.56 miles
-
Save-A-Lot
2.63 miles
-
Washington Square
4.40 miles
-
Gordon Food Service
4.43 miles