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510 College Ave 20,340 SF 100% Leased Retail Building Racine, WI 53403 $1,500,000 ($73.75/SF)
Investment Highlights
- Fully renovated office building
- Potential for office professional or mixed use coversion
- Prime Downtown location with onsite parking
Executive Summary
Rare opportunity to acquire a fully renovated downtown Racine office building. The property is owner-occupied and will be delivered vacant at closing, making it ideal for an owner-user seeking immediate occupancy or an investor looking to lease the space. Recent improvements include a new roof, updated mechanical systems, and ample on-site parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
20,340 SF
Building Class
B
Year Built/Renovated
1912/2014
Price
$1,500,000
Price Per SF
$73.75
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.42
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
B4
Parking
20 Spaces (0.98 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 276-000000253000 | Improvements Assessment | $638,700 |
| Land Assessment | $116,300 | Total Assessment | $755,000 |
Property Taxes
Parcel Number
276-000000253000
Land Assessment
$116,300
Improvements Assessment
$638,700
Total Assessment
$755,000
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Videos
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Photos
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Presented by
Realty ONE Group Boardwalk
510 College Ave
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