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Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Office(s),Recreation/Health Club,Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 14,245 sqft
Price per Sqft $52
MLS Listing ID 1946126
Sold Date 04/29/26
Year Built 1887
Annual Tax Amount $13,860
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Office(s),Recreation/Health Club,Retail
Property Description
Four-story, mixed-use commercial building and basement space located in a highly desirable downtown setting. The property is fully occupied with triple-net (NNN) leases, providing a stable, low-management investment with predictable cash flow. The building has benefited from numerous capital improvements and system upgrades, reflecting strong ownership stewardship. Separate utilities for each tenant. Its downtown location offers excellent visibility, walkability, and proximity to dining, retail, entertainment, and public amenities--making it an attractive and sustainable tenant environment. This is a turn-key investment opportunity well-suited for investors seeking reliable income, minimal operational responsibilities, and a solid presence in a proven urban market.
Location
State WI
County Racine
Zoning Commercial
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Exterior
Exterior Feature Brick, Brick/Stone, Wood
Garage Spaces 1.0
Parking On Site 1
Roof Type Rubber/Membrane
Building
Story 4
Sewer Municipal Sewer, Municipal Water
New Construction N
Others
Acceptable Financing Lease back
Listing Terms Lease back
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Bought with Mahler Sotheby's International Realty
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