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Property profile & analytics
FOR LEASE
Commercial real estate

1220 Mound Ave Racine, WI 53404

690,502 SF 13.19 ac lot Built 1937
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US92-0156952
Property summary
AI-generated overview

This exceptional Racine, Wisconsin property, located at 1220 Mound Ave, offers a unique blend of executive office and warehouse space. The building, totaling 438,426 square feet, boasts a substantial 407,321 square feet of immediately available space, divisible to a minimum of 1,680 square feet. Built in 1937 and extensively renovated in 2018, the six-story structure features ceiling heights of up to 24 feet, providing ample vertical space. Tenants will benefit from excellent access and loading capabilities, including 10 dock-high doors and 8 drive-in doors. Ample parking is available with 377 standard spaces, 10 handicap-accessible spaces, and 8 semi-truck spaces. The property sits on a generous 13.99-acre lot and is zoned 1-2 Industrial, offering flexibility for a variety of uses. Utilities are provided by WE Energies. This prime location in Racine County (APN: 03056001, Zip Code: 53404) offers easy access to major transportation routes. The property's combination of modern amenities and substantial space makes it an ideal location for businesses seeking a versatile and efficient workspace. Contact us today to learn more about leasing opportunities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1937
Total area 690,502 SF
Lot 13.19 ac (574,556 SF)
Zoning code I2
APN 276 000003056001
UPID US92-0156952
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
Current use
Occupant on record · Public records
  • Acelero Learning Head Start & Early Head Start Program at NGN High School Daycare Center
  • Racine Roofing Contractors LLC Roofing Company General Contractor
  • Financial Wize Mortgage Lenders Racine WI Nursing Home Retirement Community
  • Innovative Support Services Social Service Agency Charitable Organization
  • Hub of Senior Services Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$24.09M
Blend (final) Blend
$22.78M
Owner & transaction history
Phoenix Albany LLC · 10 yrs held
Phoenix Albany LLC
since 2016
6 recorded transactions
2024
Price N/A
2017
Price N/A
2016
$2.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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