212 4th St - Loft/Creative Space FOR SALE


Racine, WI 53403- Downtown Racine
$5,500,000 USD
414-916-4252
212 4th St, Racine, WI for Sale
$5,500,000 USD
Loft/Creative Space - FOR SALE
1/3
null | 8.99% Cap Rate

212 4th St
Racine, WI 53403
Downtown Racine


HIGHLIGHTS

  • Downtown Racine along the Root River; Tenanted buildings with sale/leaseback, owner/user or return to manufacturing possibilities
  • Overhead doors, elevators, offices, endless possibility
  • Two masonry buildings with parking along the Root River with 50 Parking Spaces
  • 8.99% CAP Rate
  • 90% Full

OVERVIEW

The well-known Journal Times Buildings located along the Root River in beautiful downtown Racine. 63,000 SF, 2-story, masonry building on 4th Street with additional 7,000 SF masonry building on Wisconsin Avenue on the Root River with 50 Parking Spaces . This building is stable and tenanted with leases in place and the owner/user would like a leaseback of space currently occupied for the existing business currently in operation. This is an excellent investment and could be used for another owner/user or a return to manufacturing.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

8.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Racine Journal Times

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B4

APN/PARCEL ID

276-000000123000

ASK ABOUT THIS PROPERTY

Tami SwantoNAI PfefferleMore Info
414-916-4252

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Tami SwantoNAI PfefferleMore Info
414-916-4252

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