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    601 Lake Ave Racine, WI 53403

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    For Sale
    Contact for pricing

    Historic Racine Office Space, Lake Views

    Property size:
    27,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 27,160 square foot office building, located at 601 Lake Avenue in Racine, Wisconsin, presents a unique investment opportunity. Built in 1912, this four-story, traditional office building boasts a rich history and stunning lakefront views. The property features a multi-tenant configuration, offering flexibility for various business needs. The building's prime location in Racine County, Wisconsin, zip code 53403, provides easy access to local amenities and transportation. Two private patios, situated on the north and east sides of the building, offer breathtaking views of Lake Michigan, creating a serene and inspiring work environment. The building's substantial square footage is spread across three floors and a ground level, providing ample space for a variety of office configurations. Both the sale price and lease rate are negotiable, making this a highly attractive option for owner-users or investors seeking a prime location with significant potential. This is a rare opportunity to acquire a piece of Racine's history while enjoying the modern conveniences of a well-maintained office building with unparalleled lake views. The property is situated at 42.72671932790442 latitude and -87.78154406198443 longitude.

    Property Features for 601 Lake Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    27,160 SF

    Building Details

    Year Built
    1912
    Buildings
    1
    Stories
    4

    HighLights

    • 27,160 SF office building in Racine, WI.
    • Four‑story building with lakefront views.
    • Multi‑tenant configuration offering flexibility.
    • Located at 601 Lake Avenue, Racine, WI 53403.
    • Two private patios with Lake Michigan views.
    • Negotiable sale price and lease rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Racine Elks Club, ... Historical Landmark Law Offices of Christy ... Criminal Justice Attorney Wyant C Judley Attorney Kallenbach Terrance Attorney Wyant Law Offices, ... Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.781544061984
    Latitude
    42.726719327904

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Racine Office Space, Lake Views
    Where is this office property / space located?
    The property is located at 601 Lake Ave Racine, WI.
    What are key features of this property?
    This property features: 27,160 SF office building in Racine, WI.; Four-story building with lakefront views.; Multi-tenant configuration offering flexibility.
    Request Owner's contact information
    601 Lake Ave Racine, WI 53403
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    Racine, WI 53403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Lake Ave Racine, WI 53403
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