Ryan Spiess
SQUARE FEET18,984
MLS#1979567
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
DeRango Real Estate Services
Agency Phone: 2629896520
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!
Property Features
Property Type: Commercial - Business
Basement: Yes
Lot Size: 1.06 Acres
Roof Type: Rubber/Membrane
Taxes: $33,077
Year Built: 1974
Feature Descriptions
Basement: Full
Building: Free Standing
Ceiling Height: 8 - 10 feet
Commercial Features: Carpeting, Elevator(s), Passenger Elevator, Security Equipment
Data Source: WIREX_METRO
Exterior: Brick, Brick/Stone, Stone
Heating/Cooling: Hot Water/Steam
Real Estate Included: Yes
Security: yes
Total Parking Spaces: 66.0
Water/Waste: Municipal Sewer, Municipal Water
Listed By / Shown By
Listed By
Agency Name: DeRango Real Estate Services
Agency Phone: 2629896520
Shown By
Agent Name: Ryan Spiess
Agent Phone: (608) 220-8584
Agency Title: Stark Company Realtors
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840 Lake Avenue | MLS# 1979567
This commercial property located at 840 Lake Avenue, Racine, WI 53403 is currently listed for sale with an asking price of $1,295,000. Search Racine real estate on rspiess.starkhomes.com today.