840 Lake Ave, Racine, WI 53403
840 Lake Ave, Racine, WI 53403
840 Lake Ave, Racine, WI 53403
840 Lake Ave, Racine, WI 53403
840 Lake Ave, Racine, WI 53403
840 Lake Ave, Racine, WI 53403
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Cal McClellan

Cal McClellan

+1(608) 346-4017
Listed by Anna Maria DeRango DeRango Real Estate Services
$ 1,295,000
Est. payment | /mo

18,984 SqFt

Save
$ 1,295,000
Est. payment | /mo
Save

18,984 SqFt

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

Metro MLS IDX (Broker Only)
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Cal McClellan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(608) 346-4017

calmcclellanrealty@gmail.com

6111 W North Avenue, Wauwatosa, Wisconsin 53213, USA

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840 Lake Ave