$1,295,000

840 Lake Ave, Racine WI, 53403

Price per sqft$68.22

Built in1974

Property size18,984 sqft

Property typeCommercial

Courtesy of DeRango Real Estate Services, 262-989-6520

Overview

Active

Listed Sep 8, 2026

Updated 3 weeks ago

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!

Additional information

MLS^® ID: 1979567

Interior Features

Bathrooms: 0
Basement: Yes

Exterior Features

Lot Size: 1.06 Acres

Other Property Details

Taxes: $33,078
Tax Frequency: Annually

Courtesy of DeRango Real Estate Services

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Renee Obrien Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.