1135 Prairie Dr - Office FOR SALE


Racine, WI 53406- Sturtevant
$925,000 USD
262-498-6936
1135 Prairie Dr, Racine, WI for Sale
$925,000 USD
Office - FOR SALE
1/5
null | 8.5% Cap Rate

1135 Prairie Dr
Racine, WI 53406
Sturtevant


HIGHLIGHTS

  • Fully leased to LifeStance Health, a Nasdaq-listed behavioral health provider
  • Triple net lease structure with strong income stream
  • Located in Prairie Professional Park with excellent visibility
  • Surrounded by high-traffic corridors and retail amenities
  • Strong local demographics with rising household income
  • Positioned in a stable medical and office corridor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

Office

APN/PARCEL ID

151-032214051008

ASK ABOUT THIS PROPERTY

Ron SlaghtBerkshire Hathaway HomeServices Epic Real EstateMore Info
262-498-6936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ron SlaghtBerkshire Hathaway HomeServices Epic Real EstateMore Info
262-498-6936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.