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Additional details
Listed by DeRango Real Estate Services
$1,250,000
Est. payment /mo
15,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $83
Municipality RAYMOND
MLS Listing ID 1982376
Year Built 1972
Annual Tax Amount $7,154
Tax Year 2025
Lot Size 1.290 Acres
Property Description
INVESTMENT OPPORTUNITY! Acquire a fully occupied multi-tenant industrial complex in Raymond generating approximately $101,280 in annual base rental income and an estimated NOI of $93,780. Two established tenants provide immediate cash flow, including a long-term tenant with lease term extending into 2034. Tenants pay their own utilities, with additional operating expenses reimbursed pursuant to lease terms, helping minimize landlord exposure. This income-producing asset offers an attractive combination of strong existing cash flow, long-term tenancy and future rent growth. An excellent opportunity for investors seeking a stabilized industrial property in Racine County with dependable income and long-term upside. Call for a tour today!
Location
State WI
County Racine
Zoning B-3
Rooms
Basement None / Slab
Interior
Heating Natural Gas
Cooling Forced Air
Inclusions None
Exterior
Garage Spaces 12.0
Parking On Site 12
Roof Type Rubber/Membrane
Building
Dwelling Type Free Standing
Story 1
Sewer Holding Tank, Shared Well
Structure Type Aluminum/Steel,Steel
New Construction N
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