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Renovated Historic Office Building
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510 College Avenue, Racine, WI 53403

Renovated three-level office building with dedicated parking, delivered vacant for owner-users or flexible redevelopment options.

Property Size20,340 SF
Price / SF$73.75
Days on Market63

Property Features for 510 College Avenue

General Information

Standard status Active
Size 20,340 SF
Class A
Total Parking Spaces 77
Property subtype Office, Mixed Use, Business for Sale
Zoning B4
Investment Type Owner/User

Building Details

Year Built 1912
Listing Agency: Realty ONE Group Boardwalk
Listed By: Angela Hrouda · License #WI 113650-94
Source: Crexi
Added: Jun 10 Changed: Aug 8 Last Checked: Aug 10 at 1:04PM

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 Realty ONE Group Boardwalk

Investment Insights

Based on property information with market context.

This renovated historic office building offers approximately 20,450 square feet across three levels, with character preserved from its earlier use as a manufacturing building. The property has been repurposed into professional office space and is being delivered vacant, providing flexibility for an owner-user, investor, or redevelopment plan. Recent improvements include a new roof, updated mechanical systems, and extensive interior renovations intended to reduce near-term capital needs.

Located at 510 College Avenue in Downtown Racine, the building is described as being near government offices, restaurants, retail, and Lake Michigan. The property includes 77 dedicated parking spaces, supporting both tenant and visitor access.

The configuration and recent upgrades make the building suitable for a range of professional and flexible uses, including corporate headquarters, medical or professional offices, coworking, educational facilities, or a multi-tenant office conversion. The seller notes potential for mixed-use redevelopment, apartments, or condominiums, subject to zoning and municipal approvals. Buyers should verify zoning, permitted uses, and all development opportunities prior to closing.

Key Highlights

  • Renovated historic office building built in 1912 with approx. 20,450 SF across three levels
  • Property will be delivered vacant, offering flexibility for an owner‑user, investor, or redevelopment project
  • Recent improvements include a new roof, updated mechanical systems, and extensive interior renovations

Property Analytics

Current Use

ZMac Transportation Solutions Freight Service ZRATE Corporate Office Results Coaching High School

Suggested Use

Top Pick Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Furniture & Home Goods Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,328
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Renovated three-level office building with dedicated parking, delivered vacant for owner-users or flexible redevelopment options.
Where is this office building located?
The property is located at 510 College Avenue Racine, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Renovated historic office building built in 1912 with approx. 20,450 SF across three levels; Property will be delivered vacant, offering flexibility for an owner‑user, investor, or redevelopment project; Recent improvements include a new roof, updated mechanical systems, and extensive interior renovations
More about this property
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