1135 Prairie Dr 4,920 SF Office Building Racine, WI 53406 $925,000 ($188.01/SF) 8.50% Cap Rate

Positioned in the heart of Prairie Professional Park, 1135 Prairie Drive offers investors a rare opportunity to acquire a stabilized, single-tenant medical office asset in Mount Pleasant, Wisconsin. This 4,920-square-foot building sits on a 0.628-acre parcel and is fully leased to LifeStance Health, one of the nation’s largest outpatient behavioral health providers with over 550 centers across 33 states. The tenant operates under a triple net lease at $1.81 PSF, generating a net operating income of $78,720 and delivering an attractive 8.5% cap rate.
The property benefits from its strategic location near Washington Avenue and Green Bay Road, with traffic counts exceeding 30,000 vehicles daily. Nearby amenities include Racine Marriott, Fairfield Inn, Meli Café, and Racine Athletic Club, enhancing the appeal for both tenants and visitors. The surrounding area is demographically strong, with a 2025 median household income of $68,539 and a projected increase to $75,628 by 2030. The site also enjoys proximity to major thoroughfares and is supported by a stable residential base, with over 50,000 housing units within a 5-mile radius.
This offering is ideal for investors seeking predictable cash flow from a nationally recognized healthcare tenant in a growing suburban market. The property’s zoning (C-3 Office) and professional park setting further reinforce its long-term viability for medical or office use.