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Listed by Anna Maria DeRango DeRango Real Estate Services
$ 1,295,000
Est. payment /mo
New
840 Lake Ave Racine, WI 53403
18,984 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 18,984 sqft
Price per Sqft $68
MLS Listing ID 1979567
Year Built 1974
Annual Tax Amount $33,077
Tax Year 2025
Lot Size 1 Sqft
Acres 1.06
Property Sub-Type Commercial/Industrial
Property Description
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!
Location
State WI
County Racine
Zoning O/I
Direction Main Street to 8th, East on 8th Street to address.
Rooms
Basement Full
Exterior
Roof Type Rubber
Total Parking Spaces 66
Building
Building Description Brick,Stone, Elevator,Security Equipment,Carpeting,Handicap Access
Sewer Municipal Sewer
Water Municipal Water
Structure Type Brick,Stone
Others
Tax ID 00477000
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