Share This Listing

Message

966 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

840 Lake Ave 18,984 SF 100% Leased Office Building Racine, WI 53403 $2,512,656 CAD ($132.36 CAD/SF) 5.89% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • All Brick Professional Office Suites With Elevator
  • Ample Off Street Parking
  • Located in Downtown Racine along Lakeshore

EXECUTIVE SUMMARY

Exceptional opportunity to own this premier 3 story office building strategically situated along the serene shoreline of Lake Michigan in Downtown Racine WI. Known as the Lake Forum building and offers nearly 19,000 square feet of professional office suites with long term tenants including law firms, tax professionals and medical practitioners. Located within walking distance to the Court House and Downtown Racine shops and dining. Featuring common elevator and common restrooms. Includes parking lots accommodating approximately 60 vehicles. Don't miss the opportunity to add this prestigious property to your portfolio! Call for a private tour today!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
18,984 SF
Building Class
C
Year Built/Renovated
1974/2008
Price
$2,512,656 CAD
Price Per SF
$132.36 CAD
Cap Rate
5.89%
NOI
$147,995 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,328 SF
Building FAR
0.41
Lot Size
1.07 AC
Zoning
OI - O-I = Office/Institutional District. Contact City of Racine Zoning for further details (262) 636-9464
Parking
66 Spaces (3.48 Spaces per 1,000 SF Leased)

AMENITIES

  • Wheelchair Accessible
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Ameriprise Financial Inc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Full Service
  • -
  • Cabranes Law Offices
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Full Service
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Nelson
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Plus Electric
  • -

Heather L. Nelson Law, S.C. est idéalement situé au 840 Lake Avenue, Suite 104, Racine, WI 53403. Ce cabinet d'avocats basé à Racine offre des conseils juridiques expérimentés et qualifiés, ainsi que des consultations gratuites. Heather L. Nelson Law intervient en médiation et représente ses clients dans des affaires de divorces simples et complexes, séparations légales, actions de pension alimentaire, division des actifs et dettes, paternité, garde physique, garde légale, relocalisation, pension alimentaire pour enfants, ainsi que dans la modification et/ou l'exécution d'ordonnances antérieures dans les comtés de Racine, Kenosha et Walworth. Chez Heather L. Nelson Law, le cabinet protège ce qui est le plus important pour ses clients. Afin de développer des stratégies juridiques efficaces, Heather écoute attentivement tous les détails pertinents à l'affaire juridique. Elle offre des conseils juridiques honnêtes et directs qui aident les clients à rester ancrés dans la réalité. L'objectif ultime de Heather est de résoudre les affaires de manière équitable et à l'amiable. Cependant, si des défis surviennent, elle travaille avec acharnement pour garantir la résolution la plus favorable. Heather guide, éduque et conseille ses clients sur la loi et les résultats possibles afin qu'ils puissent prendre des décisions éclairées. Faites confiance à Heather L. Nelson Law, S.C. pour accompagner les clients dans des situations difficiles tout en offrant la meilleure représentation possible.

  • Schober Law
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Ameriprise Financial Inc Professional, Scientific, and Technical Services - - Full Service -
Cabranes Law Offices Professional, Scientific, and Technical Services - - Full Service -
Professional, Scientific, and Technical Services - - - -
Nelson Professional, Scientific, and Technical Services - - Plus Electric -
Schober Law Professional, Scientific, and Technical Services - - - -
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
276-000000477000
Land Assessment
$518,166 CAD
Improvements Assessment
$1,293,739 CAD
Total Assessment
$1,811,904 CAD
  • Listing ID: 35312970

  • Date on Market: 2025-03-31

  • Last Updated:

  • Address: 840 Lake Ave, Racine, WI 53403

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}