Comm/Industrial

Year 1974

18984 SQ FT

1.06 ACRES

N/A ROOMS

N/A BEDS

/ BATHS

N/A CARS

Racine Commercial Property for Sale

$1,295,000

840 Lake Ave
Racine WI 53403

Listed by DeRango Real Estate Services

Share Property

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 Details

Listing Details

Price

$1,295,000

Year Built

1974

Levels

N/A

SQ FT

18984

Lot Size

1.06 ACRES

Zoning

O/I

Tax Key

00477000

TaxYear

2025

Property Taxes

$33,078

Property Type

Comm/Industrial

Property Status

Active

MLS#

1979567

Inclusions

N/A

Exclusions

N/A

Interior Details

Included Appliances

Interior Features

Exterior Details

Architectural Style

N/A

Construction Materials

Brick, Stone

Utilities & Energy

Heating

N/A

Cooling

N/A

Water Source

Municipal Water

Municipal Water

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About Racine

Racine, Wisconsin is a thriving city situated on the shores of Lake Michigan. With its rich history, diverse culture, and stunning natural scenery, Racine offers an exceptional quality of life to its residents. The city boasts a range of housing options, from historic homes to modern apartments, all set in unique and charming neighborhoods.

Racine is also home to a vibrant downtown area, bustling with local businesses and restaurants, and a range of recreational opportunities for residents of all ages, including parks, beaches, and bike trails. Its prime location between Milwaukee and Chicago makes it a convenient choice for commuters and those who enjoy big city amenities while still living in a smaller community. Start your search for your dream home in Racine today and discover the best of Wisconsin living!

Community Population

77,931

Community Area

18.68 SQ/MILES

Community Suburb of

Racine County

Community Lifestyle

Suburban

Nearby Schools

Elementary School

N/A

Middle Or JuniorSchool

N/A

HighSchool

N/A

School District

N/A

Get In Touch With

Wisconsin's #1 Boutique Broker ™

Suzanne Powers

Suzanne Powers

FOUNDER | CEO

414.963.0000

Powers Realty - Shorewood

4214 North Oakland Avenue, Shorewood, WI 53211

Request a Showing for

840 Lake Ave, Racine, WI 53403

$1,295,000

We would love to show you this beautiful property. Please select your preferred showing date and time below. An agent from Powers Realty will be in touch shortly to confirm your appointment.

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