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    Property profile & analytics

    601 Lake Ave Racine, WI 53403

    • Commercial real estate
    • 26,456 SF
    • 0.57 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US92-0147885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Racine Elks Club, Lodge No. 252 / Historical Landmark
    • Law Offices of Christy M. Hall, LLC / Criminal Justice Attorney / Attorney
    • Wyant C Judley / Attorney
    • Kallenbach Terrance / Attorney
    • Wyant Law Offices, S.C. / Attorney / Law Firm

    Property Details for 601 Lake Ave

    Year built
    1912
    Lot size
    0.57 lot acres
    Property size
    26,456 SF
    Zone code
    B4
    Property type
    Commercial real estate
    APN
    276 000000309000
    APU
    276000000309000

    Description

    Harborview Professional Building, located at 601 Lake Ave in Downtown Racine, Wisconsin, 53403, offers exceptional office space with stunning Lake Michigan views. This three-story Class B building, constructed in 1912, boasts a total of 27,160 square feet. Multiple tenancy options are available, with a minimum divisible space of 5,738 square feet and a maximum contiguous space of 5,809 square feet. Currently, 11,547 square feet of space is vacant, presenting a significant opportunity for businesses seeking prime office locations. The building caters to various needs, offering both traditional and executive office suites. The property's central downtown location provides easy access to local amenities and transportation. The building's classic architecture blends seamlessly with the vibrant energy of Racine's downtown area. This is an excellent opportunity to establish a presence in a desirable location with breathtaking views. Three spaces are currently available, ranging from 2,824 to 5,809 square feet. Interested parties should inquire about available space and lease terms. The building's prime location and attractive features make it an ideal choice for businesses seeking a prestigious and functional workspace.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.781
    Latitude
    42.7269
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,046
    $238,500
    $1,021,500
    $1,260,000
    -
    $264,137
    $1,131,305
    $1,395,442

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    Similar Nearby for Lease

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      27,160 SF

      Harborview Professional Building: Racine, WI

      Downtown Racine Office Space: Lake Michigan Views
      601 Lake Ave, Racine, WI 53403
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    601 Lake Ave
    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
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