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Listing Courtesy Of:

Listing Office: DeRango Real Estate Services

Listing Office Phone: (262) 989-6520

840 Lake Ave Racine, WI 53403

$1,295,000
Active / MLS# 1979567 / Commercial - Office / Racine
0 Beds
18984 SqFt

STABILIZED LAKEFRONT INVESTMENT! A compelling opportunity to acquire a fully occupied, income-producing office asset in a highly desirable Lake Michigan location. Generating $178,538.16 in gross annual income and offering an attractive 7.07 CAP rate, this well-maintained 3 story property features ample off-street parking and a strategic location near Downtown Racine's Courthouse and City Hall. The Lake Forum Building offers approx. 19,000 SF of established tenancy, quality ADA compliant professional office space with Elevator. A beneficial addition to an established portfolio or an excellent opportunity to acquire a stabilized commercial asset with income in place. Call today for your private tour!

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Baird & Warner Crystal Venegas Agent Cell: 847.284.0108 Email

Property Details

Property Type: Commercial - Office
Basement: Full
Lot Size: 1.06 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $33,077
Year Built: 1974

Feature Descriptions

Ceiling Height (AVG): 8-10
Data Source: Metro MLS
Exterior: Brick, Stone
Flood Plain: No
Heating/Cooling: Hot Water/Steam
Location: Business District, Corner, Free Standing, Near Public Transit
Miscellaneous: Carpeting, Elevator, Handicap Access, Security Equipment
Parking: 66.00
Proximity to Highway: 7-10 Miles
Road Frontage: Paved Road
Truck Door Height: No Truck Door
Water/Sewer: Municipal Sewer, Municipal Water
Zoning: O/I

Location

See details and scored characteristics about this location.

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