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Listed by Anna Maria DeRango DeRango Real Estate Services
$ 1,250,000
Est. payment | /mo
15,000 SqFt
$ 1,250,000
Est. payment | /mo
15,000 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $83
MLS Listing ID 1982376
Year Built 1972
Annual Tax Amount $7,154
Tax Year 2025
Lot Size 1 Sqft
Acres 1.29
Property Sub-Type Commercial/Industrial
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
Direction Located on 76th street just North of the Raymond School.
Rooms
Basement None
Interior
Inclusions None
Exterior
Roof Type Rubber
Total Parking Spaces 12
Building
Building Description Steel Siding, Rest Rooms,Outside Storage,Handicap Access,Office(s)
Sewer Holding Tank
Water Private Shared Well
Structure Type Steel Siding
Others
Tax ID 168042122008006
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