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Multi-Tenant Industrial Complex with Elevators
For Sale
Contact for pricing
Pending

1509 Rapids Dr, Racine, WI 53404

Former manufacturing facility offering tenant-occupied industrial space with four freight elevators and multiple loading features.

Property SizeContact for details
Days on Market150

Property Features for 1509 Rapids Dr

General Information

Standard status Pending
Property subtype Industrial

Building Details

Tenancy Multi
Listing Agency: Signature Team Realtors
Listed By: Patrick Vandenberg · License #WI 77104-94
Source: Crexi
Added: Apr 11 Changed: Aug 28 Last Checked: Sep 7 at 7:04AM

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 Signature Team Realtors

Investment Insights

Based on property information with market context.

This multi-building industrial complex is tenant occupied and includes a mix of small and medium industrial, manufacturing, service, food production, assembly, and office with warehouse storage uses. The property was formerly the Hamilton Beach manufacturing facility and has also been used in the past as a business incubator, distribution operation, and manufacturing site.

The facility offers vehicle-friendly indoor access with four freight elevators, seven loading docks, and overhead doors. The current configuration supports a flexible, multi-tenant layout with versatile floor plans across the buildings.

The combination of freight elevation, loading infrastructure, and overhead door access makes the complex well-suited for a range of industrial and production-oriented tenants seeking functional space for both operations and storage, with office space included for certain tenants.

Key Highlights

  • Multi‑tenant commercial complex in former Hamilton Beach manufacturing facility
  • Tenant‑occupied industrial space with flexible floor plans for manufacturers, services, food production, assembly, office, and warehouse storage
  • 4 freight elevators for multi‑level industrial access

Property Analytics

Current Use

Asset Business Solutions Agricultural Service Walk the Plank Marine Big Box & Wholesale Store FireplaceBlowersOnline.com Industrial Manufacturer River City Dental ... Dental Office

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby
Under-served
Demand for This Use

Demographics for 53404, WI

15,532
Population
5,110
Households
3
Avg Household Size
32
Median Age
13%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
3,170
Density / Sq Mi
$47,714
Median Household Income
$35,419
Median Earnings
$968
Median Rent
$126,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Former manufacturing facility offering tenant-occupied industrial space with four freight elevators and multiple loading features.
Where is this flex space located?
The property is located at 1509 Rapids Dr Racine, WI.
What are key features of this property?
This property features: Multi‑tenant commercial complex in former Hamilton Beach manufacturing facility; Tenant‑occupied industrial space with flexible floor plans for manufacturers, services, food production, assembly, office, and warehouse storage; 4 freight elevators for multi‑level industrial access
More about this property
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