125 State St, Burlington, WI 53105
This three-story, 11,532 square foot commercial building at 125 East State Street in Racine County offers a unique investment opportunity. Currently, 7,264 square feet of space is available for lease, divisible into units ranging from 213 to 2,801 contiguous square feet. The building features a mix of retail and traditional office space, including a commercial kitchen, making it ideal for a variety of businesses. The property sits on a 0.4-acre lot and boasts 24 parking spaces, a significant advantage in a busy downtown area. Recent improvements include a new roof and parking lot (2022), ensuring low maintenance costs for the tenant. The building is zoned B2 and has a high visibility location on State Street, experiencing approximately 4,100 cars per day, according to Wi-Dot data. The property's APN is 206031932540001. While there are no elevators, the building's multiple tenancy structure and flexible lease terms provide significant adaptability for various business needs. This is a rare opportunity to secure prime commercial space in a thriving downtown Racine location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.