Listing provided courtesy of SynerG Realty LLC
- MLS#1768580
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Request Info1509 Rapids Dr
Racine, WI 53404
Commercial · 322,034 Sq. ft.$3,100,000 SOLD
SOLD on 2/21/2023
Overview
- Time on Site:
- 419 days
- Visits:
- 2
Huge Multi-tenant Commercial Complex with Multiple-Buildings features tenant occupied small and medium sized industrial, manufacturers, service, food production, assembly, office and warehouse storage tenants. Versatile and flexible floor plans, featuring 4 freight elevators, 7 various loading docks, and overhead doors for easy indoor access by vehicles. This complex is the former Hamilton Beach Manufacturing Facility. Also in the past has been a business incubator, distribution, manufacturing and assembly. Excellent balance of upward potential and improving rents and tenant quality. Well managed with all the heavy lifting completed. Excellent power with enough for a server farm! Fully sprinklered, has food grade space and freezer space. Let's start a conversation about your fit.
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Facts & Features
- Type Commercial
- Sq. ft. 322,034
- Price/Sq.ft. $9
General
Association/HOA
- Association Y/N: No
Income/Expenses
- Annual Operating Expense: 275000.0
Building Information
- Year Built: 1955
- New Construction Y/N: No
Location/Region
- Location: Corner Lot, Industrial Park, Near Public Transit
- Postal City: Racine
- County Or Parish: RACINE
Parking Information
- Parking: Paved Lot
Building Exterior/Construction
- Building Type: Free Standing
Tax Information
- Tax Year: 2020
- Tax Annual Amount: $26,922.00
General Information
- Exclusions: Seller's business property and personal property, tenant's business and personal property
- Zoning: Commercial
- Bus/Com Type: Manufacturing, Office(s), Service, Special Purpose, Warehouse, Wholesale
- Commercial Features: Expenses Include: Property Insurance, Expenses Include: Legal, Expenses Include: Repair & Maintenance, Expenses Include: Supplies, Expenses Include: Taxes-Pers. Property, Expenses Include: Utilities, Truck Door Height: 13 - 15 Feet, Truck Door(s), Truck Door Height: 6 - 8 Feet, Truck Door Height: 9 - 12 Feet, 220 Volts, 440 Volts, Fenced Yard, Freight Elevator(s), Inside Storage, Loading Dock, Restroom(s), Security Equipment
- Property Type: Commercial
- Commercial Sale Includes: Lease(s), Real Estate, Receivables
Interior
Building Interior
- Heat Fuel: Natural Gas
- Heating Cooling: Hot Water/Steam
- Water Waste: Municipal Sewer, Municipal Water
- Commercial Ceiling Height: 11 - 15 feet, 16 - 20 feet, 8 - 10 feet
General Information
- Basement: None / Slab
- Stories Total: 3
- Living Area (SqFt): 322034.00
Exterior
Parking Information
- Parking Total: 200.0
Lot Information
- Lot Size Acres: Over 5 to 10 acres
- Lot Size Area: 6.7
- Road Surface Type: High Visibility, Paved Street, Town/City, Proximity to Highway: 0 - 1 Miles
Waterfront/View
- Waterfront Y/N: No
Building Exterior/Construction
- Roof: Composition/Fiberglass, Rubber/Membrane
- Construction Materials: Brick, Brick/Stone
Neighborhood
Community
53404 (Racine) Demographics
30
Median Age
3,015
Population Density (per sq. mile)
19%
College Educated
$36,224
Estimated Median Income
2,385
Estimated Total Home Owners
3,002
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
Elementary Schools
2
Public
Jefferson Lighthouse Elementary
- Grades: KG - 5
- Enrollment: 496
Middle Schools
High Schools
Market Data
Based on the last 30 days in this zip code
$165,814
Median Sales Price
$115
Median Price per Square Foot
0
Properties Sold
7
New on Market
77
Average Days on Market
20
Properties for Sale
History
| Date | Value |
|---|---|
| 2/21/2023Source: WIREX-Metro | PENDING |
| 12/9/2022Source: WIREX-Metro | |
| 12/8/2022Source: WIREX-Metro | Active |
| 8/4/2022Source: WIREX-Metro | |
| 3/7/2022Source: WIREX-Metro | $3,750,000 -6.7% |