Racine Journal Times 212 4th St 63,000 SF 77% Leased Office Building Racine, WI 53403 $7,584,170 CAD ($120.38 CAD/SF) 8.99% Cap Rate

The well-known Journal Times Buildings, located along the Root River in downtown Racine. The 63,000 SF, 2-story, masonry building on 4th Street is on .79 acres. The 8,000 SF masonry building on Wisconsin Avenue is on .44 acres, on the Root River with direct river access and has 32 Parking Spaces, overhead doors, river greenspace and abundant Riverwalk opportunity. The current owner occupies 15,000 SF in the 212 - 4th Street building and could vacate that space. There is a new, 5,500 SF, 2nd floor office space for lease and a 1,000 SF, 1st floor office space for lease this fall. This is an excellent investment and could be used for another owner/user or a return to manufacturing/industrial/storage or left as a tenant occupied space.