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420 7th St
Racine, WI 53403
Office Property For Sale
EXECUTIVE SUMMARY
Flexible 2 story building in the heart of downtown Racine with 5200+ sq ft. Located in an opportunity zone. Currently configured as offices and conference rooms but could easily be converted for other uses. Fully finished basement provides additional usable space. 2 bathrooms on the main level and 2 bathrooms on the second level. First and second floors could be split for separate spaces. Use one and rent the other for additional income. Traffic count of 3800/day per DOT. Close proximity to city hall, police station, courthouse, downtown shopping/restaurants, Lake Michigan, and more.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,052 SF
Building Class
C
Year Built
1947
Price
$375,000
Price Per SF
$74.23
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,526 SF
Building FAR
1.93
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
B4 - Commercial
Parking
3 Spaces (0.59 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 276-000000348000 | Improvements Assessment | $224,000 |
| Land Assessment | $26,000 | Total Assessment | $250,000 |
PROPERTY TAXES
Parcel Number
276-000000348000
Land Assessment
$26,000
Improvements Assessment
$224,000
Total Assessment
$250,000
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