840 Lake Ave, Racine, WI 53403
- $1,295,000
- 18,984
- SqFt
Listing courtesy of DeRango Real Estate Services.
- List Price
- $1,295,000
- MLS#
- 1979567
- Status
- ACTIVE
- Year Built
- 1974
- County
- Racine
- Municipality
- Racine
- TotalSqFt
- 18,984
- Acres
- 1.06
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!
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Additional Information
- Total Taxes
- $33,077
- Basement
- Full
- Exterior
- Brick, Stone
- Roofing
- Rubber
- Courtesy Of
- DeRango Real Estate Services
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Source of listing data: Metro MLS. Copyright 2026 Multiple Listing Service, Inc. - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.