212 4th Street and 320 Wisconsin Avenue, Racine, WI 53403
Industrial | 8.99% CAP | 63,000 SqFt
Marketing description
The well-known Journal Times Buildings located along the Root River in beautiful downtown Racine. 63,000 SF, 2-story, masonry building on 4th Street with additional 7,000 SF masonry building on Wisconsin Avenue on the Root River with 50 Parking Spaces. This building is stable and tenanted with leases in place and the owner/user would like a leaseback of space currently occupied for the existing business currently in operation. This is a beautiful, meticulously maintained building updated in 2020 with an on-premise owner. This could be an excellent investment property and/or could be used for another owner/user or a return to manufacturing.
Investment highlights
63,000 SF Masonry Building at 212 - 4th Street - downtown Racine
Additional 7,000 SF Masonry Building at 320 Wisconsin Avenue on the Root River with 50 Parking spaces
Tenanted building with potential for sale/leaseback, owner/user or return to manufacturing
Excellent investment opportunity at 8.99% CAP Rate
Beautiful and meticulously maintained building updated in 2020
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