1301 S Memorial Dr, Racine, WI 53403 $849,900

1301 S Memorial Dr, Racine 0.99 Acres $849,900 Active with Offer

  • Commercial/Industrial
  • Status: Active with Offer
  • Est. Square Footage: 26,560
  • Est. Year Built: 1965
  • Est. Acreage: 0.99
  • County: Racine
  • Property Taxes: $14,562
  • Property Tax Year: 2022
  • Postal Municipality: Racine
  • MLS#: 1855071
  • Listing Company: Berkshire Hathaway HomeServices Metro Realty-Racin
  • Price/SqFt: $31
  • Zip Code: 53403

1301 S Memorial Dr, Racine, WI 53403 - 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.

Additional Features
  • None
  • Heating/Cooling: Indiv. Heating Units, Natural Gas, Other
  • Water Waste: Municipal Sewer, Municipal Water
  • Inclusions: Gantry cranes, air compressor, paint booth.
  • Roof: Rubber
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1855071 ActiveWO Active Nov 28 2023 3:51PM 138
1855071 Active Oct 20 2023 4:45PM $849,900 138

Estimated Monthly Payment

$3,287 per month
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