510 College Avenue
About This Property
Marketing description
Rare opportunity to acquire a beautifully renovated historic office building in the heart of Downtown Racine. Offering approximately 20,450 square feet across three levels, this former manufacturing building has been thoughtfully repurposed into attractive professional office space while preserving its character and architectural appeal.
The property will be delivered vacant, creating exceptional flexibility for an owner-user, investor, or redevelopment project. Recent improvements include a new roof, updated mechanical systems, and extensive interior renovations, minimizing near-term capital expenditures. A rare downtown amenity, the property includes 77 dedicated parking spaces.
Potential uses include corporate headquarters, medical or professional offices, coworking space, educational facilities, multi-tenant office conversion, mixed-use redevelopment, apartments, or condominiums, subject to zoning and municipal approvals. Conveniently located near government offices, restaurants, retail, and Lake Michigan, this property offers a unique combination of historic charm, modern functionality, and long-term upside potential.
Third-party appraisal available upon request. Buyer to verify zoning, permitted uses, and all development opportunities.
Investment highlights
- ±20,450 SF across three floors in a well-maintained historic downtown building
- Vacant at closing, providing immediate occupancy and value-add opportunities
- Suitable for owner-user, multi-tenant office, medical, professional services, coworking, educational, or mixed-use conversion (subject to approvals)
- 22 on-site parking spaces — a rare amenity in downtown Racine 55 spaces across the street.
- Significant recent capital improvements including roof, mechanicals, and interior updates
- Strong downtown location near government offices, businesses, restaurants, and Lake Michigan
- Flexible floor plates allowing for multiple tenancy configurations
- Opportunity to create future rental income through tenant leasing strategy
- Located within a growing redevelopment corridor with ongoing public and private investment
- Third-party appraisal available upon request
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