1325 16th St Racine, WI 53403-2211
- Commercial real estate
- 45,504 SF
- 3.18 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1325 16th St
- Year built
- 1974
- Lot size
- 3.18 lot acres
- Property size
- 45,504 SF
- Zone code
- I2
- Property type
- Commercial real estate
- APN
- 276 000009087001
- APU
- 276000009087001
Description
This exceptional 45,000-square-foot industrial building in Racine, Wisconsin, presents a remarkable investment opportunity. Located at 1325 16th St, 53403, this Class B property boasts a recent renovation, including a new roof, tuckpointing, rebuilt parapet wall, updated heating and sprinkler systems, new electrical service, LED lighting, restrooms, and doors. The extensive renovation also addressed environmental concerns, resulting in a clean bill of health and DNR closure. The building features two drive-in doors and two loading docks with dock plates, offering convenient access for loading and unloading. Ample parking is available on the east, west, and south sides, along with a fenced area for secure outdoor storage. The 3.05-acre lot is zoned I-2, providing flexibility for various industrial uses. The two-story building, constructed in 1974 and renovated in 2024, offers a 15-foot ceiling height. Priced at $1,975,000 ($43.89/sq ft), this turnkey property is ideal for businesses seeking a move-in ready space with significant recent improvements. The property is ready for immediate occupancy and customization to suit your specific needs. All major infrastructure upgrades have been completed, minimizing future capital expenditures. Don't miss this chance to acquire a well-maintained, fully renovated industrial space in a prime Racine location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $345,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $295,000
- Mixed-Use
- $285,000
- Hospitality
- $315,000
- Educational
- $340,000
- Residential Income
- $300,000
- Energy
- $295,000
- Income-Based Land
- $325,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Racine
- County
- Racine
- State
- Wisconsin
- Longitude
- -87.7955
- Latitude
- 42.712
- CBSA code
- 39540
- CBSA name
- RACINE, WI METROPOLITAN STATISTICAL AREA
