Updated NNN
For Sale
$635,000
1409 Washington Ave, Racine, WI 53403
Fully occupied commercial property with a 15-year NN lease and interior improvements completed by ownership.
Property Size7,385 SF
Price / SF$85.99
Days on Market15
Property Features for 1409 Washington Ave
General Information
Standard status
Active
Size
7,385 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$4,309
Listing Agency:
Dream House Realties
(414) 377-1832
Listed By:
Emmad Jamaleddin · License #5861890
(414) 377-1832
Source:
Exprealty
Added: Jul 22
Changed: Aug 5
Last Checked: Aug 5 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dream House Realties
Investment Insights
Based on property information with market context.
This 7,385-square-foot NNN property is fully occupied under a 15 yr NN lease with scheduled base-rent increases throughout the lease term. Ownership has completed several interior improvements, including new vinyl plank flooring across the building, fresh paint, new HVAC ducts in portions of the property, and remodeling in select rooms.
Located at 1409 Washington Ave in Racine, Wisconsin, the property combines an existing leased occupancy with documented recent updates. The lease structure and completed improvements provide clear operating context for review by buyers evaluating an occupied commercial asset.
Located at 1409 Washington Ave in Racine, Wisconsin, the property combines an existing leased occupancy with documented recent updates. The lease structure and completed improvements provide clear operating context for review by buyers evaluating an occupied commercial asset.
Key Highlights
- 7,385‑square‑foot NNN property at 1409 Washington Ave, Racine, WI
- Fully occupied with a 15 yr NN lease
- Base rent increases scheduled throughout the lease term
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied commercial property with a 15-year NN lease and interior improvements completed by ownership.
Where is this nnn property located?
The property is located at 1409 Washington Ave Racine, WI.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 7,385‑square‑foot NNN property at 1409 Washington Ave, Racine, WI; Fully occupied with a 15 yr NN lease; Base rent increases scheduled throughout the lease term
