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840 Lake Ave Racine, WI $ 1,295,000
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$ 1,295,000 Get more info
840 Lake Ave
$ 1,295,000
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840 Lake Ave

Racine, WI, 53403
$ 1,295,000
Bedrooms-- Baths-- Sq 18,984

Monthly Estimate*

$ 8,177

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Commercial Property for sale in Racine, WI

for $1,295,000. This 18,984 square foot building was built in 1974 on a lot size of 1.06.

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!

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Commercial Active

Price

$ 1,295,000

Property Type

Commercial

Taxes

$ 33,077

Style

Office(s),Professional Service

Lot Size

1.06

Year Built

1974

Town/City

Racine

County/Region

Racine

MLS | Web ID

1979567
Features
General
Road Frontage Paved Road
Parking 66.00
Zoning O/I
Year Built 1974
County Racine
Miscellaneous Carpeting Elevator Handicap Access Security Equipment
Property Type G
Location Business District Corner Free Standing Near Public Transit
Municipality City
Tax Year 2025
Directions Main Street to 8th East on 8th Street to address.
City Racine
Taxes 33077.91
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Interior
Basement Full
Heating/Cooling Hot Water/Steam
Stories 3
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Exterior
Exterior Brick Stone
Roofing Rubber
Flood Plan No
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* Excluded Features
List By
Derango Real Estate Services

Broker

AnnaMaria@DeRangoRealEstate.com

Email

Affordability Calculator

$10,933
Per Month
75%
25%
0%
Monthly Principal & Interest
$8,177
Monthly Property Taxes
$2,756
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1159182 Elementary School
1159119 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/8/2026$1,295,000 Listed Price

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840 Lake Ave, Racine, WI, 53403 is a Commercial Property for sale at $1,295,000 with 18,984 sqft and a lot size of 1.06. 840 Lake Ave was built in 1974. The property's zip code is 53403 which is in Racine, WI

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