1301 S Memorial Dr Racine, WI ^$ 849,900

1301 S Memorial Dr

^$ 849,900

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1301 S Memorial Dr

Racine, WI, 53403

^$ 849,900

Studio Baths0.0 Sq 26,560

Monthly Estimate*

^$ 5,937

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Studio

Commercial Property for sale in Racine, WI

for $849,900. This 26,560 square foot building was built in 1965 on a lot size of 0.99.

Great investment opportunity with this spacious Industrial building. Currently occupied by Custom Creations Inc for the last 20 years. Current rent is $6,400 monthly. Building features 3 Drive in bays, a loading dock, a paint booth and multiple gantry cranes with various capacity. The Roof was replaced in 2017 and has had yearly maintenance done by installer. Landlord maintains roof and structure, tenant maintains everything else. Landlord pays Taxes and insurance. Tenant is responsible for everything else. Prior to closing the landlord and tenant will execute a 5 year lease with 2 5 year options.

Commercial Contingent

Price

^$ 849,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 14,562

Style

Lot Size

0.99

Year Built

1965

Town/City

Racine

County/Region

Racine

MLS | Web ID

1855071

Features

General

Road Frontage High Visibility Near Public Transit Town/City Road

Parking 25.00

Zoning I1

Year Built 1965

County Racine

Miscellaneous 220 Volt Power 440 Volt Power Compressor Freight Elevator Handicap Access Inside Storage Loading Dock Office(s) Rest Rooms

Property Type G

Location Industrial Park Near Public Transit

Municipality City

Tax Year 2022

Contingent With Offer

Directions East on Hwy 20 to South Memorial. North on South memorial Dr to 13th street. East to property on south side of the road.

City Racine

Taxes 14562.00

Street Name Memorial

Interior

Basement None

Heating/Cooling Indiv. Heating Units Natural Gas Other

Stories 1

Exterior

Exterior Other

Roofing Rubber

Flood Plan No

* Excluded Features

List By

Berkshire Hathaway Homeservices Metro Realty-Racine

Broker

michaelkilmanre@outlook.com

Affordability Calculator

$7,150

Per Month

Monthly Principal & Interest: $5,937
Monthly Property Taxes: $1,214
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Racine, WI

Average List Price ^$406,172

Percent of Sale Price 52%

About Racine, WI

78,520 Population

-4% Since 2002

^$42,953 Median Income

35.97 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1159182 Elementary School

1159119 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/20/2023	$849,900		Listed Price

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1301 S Memorial Dr, Racine, WI, 53403 is a Commercial Property for sale at $849,900 with 26,560 sqft and a lot size of 0.99. 1301 S Memorial Dr is a studio with 0.0 baths and was built in 1965. The property's zip code is 53403 which is in Racine, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information is supplied by seller and other third parties and has not been verified.

Listing data courtesy of the Internet Data Exchange (IDX) Program of the Metro Multiple Listing Service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/1/2024.

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1301 S Memorial Dr

Commercial Property for sale in Racine, WI

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