840 Lake Ave, Racine, WI
$1,295,000
18,984
Square feet
1.06
Acres
About 840 Lake Ave
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!
Features of 840 Lake Ave
| MLS® # | 1979567 |
|---|---|
| Price | $1,295,000 |
| Square Footage | 18,984 |
| Acres | 1.06 |
| Year Built | 1974 |
| Type | Commercial |
| Sub-Type | Commercial/Industrial |
| Status | Active |
Community Information
| Address | 840 Lake Ave |
|---|---|
| City | Racine |
| County | Racine |
| State | WI |
| Zip Code | 53403 |
Amenities
| Parking Spaces | 66 |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
| Basement | Full |
Exterior
| Roof | Rubber |
|---|---|
| Construction | Brick,Stone |
Additional Information
| Date Listed | September 8th, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | O/I |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $33,078 |
| Tax Year | 2025 |
| Agent | Anna Maria Derango |
| Office | DeRango Real Estate Services |
Listing Details
| Office | DeRango Real Estate Services |
|---|