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601 Lk Ave Racine, WI 53403-1249

OFF-MARKET Commercial real estate Google Maps
26,456 SF 0.57 ac lot Built 1912
Entity Owned Free & Clear
Estimated value (blended)
$1.20M
Range $1.08M – $1.32M (±10%)
Property ID US92-0147885

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1912
Total area 26,456 SF
Lot 0.57 ac (24,829 SF)
Zoning code B4
APN 276 000000309000
UPID US92-0147885

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$1.20M

Owner & transaction history

since 2026
2 recorded transactions
2026
$400,000
2019
$1.2M

Zoning & alternative use

B4 · Racine, WI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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