Listing courtesy of Melges Real Estate
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!
Features
: Full
: Municipal Sewer
Address Map
US
WI
Racine
Racine
53403
Lake
840
Ave
W88° 13' 5.5''
N42° 43' 24.4''
O/I
Main Street to 8th, East on 8th Street to address.
Additional Info
DeRango Real Estate Services
Anna Maria DeRango
Additional Information
2026-09-08
: Municipal Water
18984
: Brick, Stone
Financial
33077.91
Listing Information
00364
Active
2026-09-16T02:25:07Z
MetroMLS
2026-09-08T18:39:18Z
1637
Commercial Sale For Sale
840 Lake Ave, Racine, Wisconsin 53403
1.06 Acre
$1,295,000
Listing ID #1979567
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 1979567
Price : $1,295,000
Year Built : 1974
Lot Area : 1.06 Acre
Listing Status : Active
Property Sub Type : Commercial/Industrial
Roof : Rubber
Agent info
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