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 owner/user, office space and/or return to manufacturing or industrial possibilities
  • Overhead doors, elevators, offices, kitchen area, storage, and endless opportunity along the Root River Riverwalk.
  • Two masonry buildings with parking along the Root River with 32 Parking Spaces

OVERVIEW

The well-known Journal Times Buildings, located along the Root River in downtown Racine. The 63,000 SF, 2-story, masonry building on 4th Street is on .79 acres. The 8,000 SF masonry building on Wisconsin Avenue is on .44 acres, on the Root River with direct river access and has 32 Parking Spaces, overhead doors, river greenspace and abundant Riverwalk opportunity. The current owner occupies 15,000 SF in the 212 - 4th Street building and could vacate that space. There is a new, 5,500 SF, 2nd floor office space for lease and a 1,000 SF, 1st floor office space for lease this fall. This is an excellent investment and could be used for another owner/user or a return to manufacturing/industrial/storage or left as a tenant occupied space.

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

Manufacturing, Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,668 SF

ZONING

B4

APN/PARCEL ID

276-000000101000,276-000000123000

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 Notice.