840 Lake Ave, Racine, WI 53403
$1,295,000
MLS #: 1979567
| 18,984 Sq Ft |
Description of 840 Lake Ave, Racine, WI 53403
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!
Property Features of 840 Lake Ave, Racine, WI 53403
Listing courtesy of: DeRango Real Estate Services
TYPE
Industrial
Industrial
Year Built
1974
1974
Annual Taxes
$33,077.91
$33,077.91
Acres
1.06
1.06
Features
| Brick exterior |
| Stone exterior |
| Lot acreage is: 1.06 |
| Lot sqft: 46173.6 |
| Lot zoned: O/I |
| Handicap access |
| Carpet |
| Elevator(s) |
| Rubber roof |
| Full basement |
| Public sewer |
| Public water |
| For sale |
| Tax year: 2025 |