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$ 1,295,000
Est. payment | /mo
18,984 SqFt
$ 1,295,000
Est. payment | /mo
18,984 SqFt
Key Details
Property Type Commercial
Sub Type Office(s),Service
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 1.060 Acres
Acres 1.06
Property Sub-Type Office(s),Service
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
Rooms
Basement Full
Interior
Cooling Hot Water/Steam
Exterior
Exterior Feature Brick, Brick/Stone, Stone
Garage Spaces 66.0
Parking On Site 66
Roof Type Rubber/Membrane
Building
Dwelling Type Free Standing
Story 3
Sewer Municipal Sewer, Municipal Water
New Construction N
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Listed by DeRango Real Estate Services