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    OFF-MARKET
    Retail properties & Spaces

    125 State St, Burlington, WI 53105

    11,532 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 11,532 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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