840 Lake Ave, Racine, WI 53403

$1,295,000
18,984
SqFt

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Listing courtesy of DeRango Real Estate Services.

List Price
$1,295,000
MLS#
1979567
Status
ACTIVE
Year Built
1974
County
Racine
Municipality
Racine
TotalSqFt
18,984
Acres
1.06

Property Description

STABILIZED LAKEFRONT INVESTMENT! A compelling opportunity to acquire a fully occupied, income-producing office asset in a highly desirable Lake Michigan location. Generating $178,538.16 in gross annual income and offering an attractive 7.07 CAP rate, this well-maintained 3 story property features ample off-street parking and a strategic location near Downtown Racine's Courthouse and City Hall. The Lake Forum Building offers approx. 19,000 SF of established tenancy, quality ADA compliant professional office space with Elevator. A beneficial addition to an established portfolio or an excellent opportunity to acquire a stabilized commercial asset with income in place. Call today for your private tour!

Additional Information

Total Taxes
$33,077
Basement
Full
Exterior
Brick, Stone
Roofing
Rubber
Courtesy Of
DeRango Real Estate Services

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Source of listing data: Metro MLS. Copyright 2026 Multiple Listing Service, Inc. - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.