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18,984 sqft

$1,295,000

840 Lake AVENUE, Racine WI, 53403

Price per sqft$68.22
Built in1974
Property size18,984 sqft
Property typeCommercial
Courtesy of DeRango Real Estate Services, Anna Maria DeRango

Overview

Active

Listed Sep 8, 2026

Updated 3 weeks ago

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!

Other Property Details

Taxes
$33,078
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of DeRango Real Estate Services, Anna Maria DeRango

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 

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