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212 Hamilton St 23,898 SF 100% Leased Industrial Building Racine, WI 53402 $3,500,000 ($146.46/SF)
Investment Highlights
- 90 existing storage units with additional room for indoor and outdoor storage expansion.
- Established business with 17 years of operating history. Long-term U-Haul contract in place.
- Spacious office area featuring five additional potential office suites.
- Opportunity to purchase the ongoing storage business separately.
Executive Summary
Are you ready for your next business venture!? This former Naval Base just blocks from Lake Michigan, has been turned into a storage facility with 90 units and lots of extra space for more inside and outside storage. The office area is spacious with 5 other potential office spaces. Between the offices and the upstairs studio apartment, there are 2 1/2 bathrooms. The roof top off of the upstairs apartment has been turned into a nice deck area with lake views. Potential to purchase ongoing business separately. Owner has had steady business for the last 17 years including a contract with UHAUL.
Property Facts
| Price | $3,500,000 | Rentable Building Area | 23,898 SF |
| Price Per SF | $146.46 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1947 |
| Property Type | Industrial | Parking Ratio | 1.17/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.53 AC | Opportunity Zone |
Yes
|
| Zoning | I1 | ||
| Price | $3,500,000 |
| Price Per SF | $146.46 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.53 AC |
| Rentable Building Area | 23,898 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 1.17/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I1 |
Amenities
- Bus Line
- Fenced Lot
Utilities
- Lighting - Metal Halide
- Gas
- Heating - Gas
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 276-000002458000 | Improvements Assessment | $232,600 |
| Land Assessment | $181,100 | Total Assessment | $413,700 |
Property Taxes
Parcel Number
276-000002458000
Land Assessment
$181,100
Improvements Assessment
$232,600
Total Assessment
$413,700
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212 Hamilton St
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