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1509 Rapids Dr | 1768580 | First Weber REALTORS
Listing provided courtesy of SynerG Realty LLC - MLS#1768580MLS Provider

1509 Rapids Dr

Racine, WI 53404
Commercial · 322,034 Sq. ft.

$3,100,000 SOLD

SOLD on 2/21/2023


Time on Site:
419 days

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


  • Association Y/N: No
  • Annual Operating Expense: 275000.0
Building Information
  • Year Built: 1955
  • New Construction Y/N: No
  • 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


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


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 Y/N: No
Building Exterior/Construction
  • Roof: Composition/Fiberglass, Rubber/Membrane
  • Construction Materials: Brick, Brick/Stone



53404 (Racine) Demographics
Median Age
Population Density (per sq. mile)
College Educated
Estimated Median Income
Estimated Total Home Owners
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.


Elementary Schools
Jefferson Lighthouse Elementary
  • Grades: KG - 5
  • Enrollment: 496
Middle Schools
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Market Data

Based on the last 30 days in this zip code

Median Sales Price
Median Price per Square Foot
Properties Sold
New on Market
Average Days on Market
Properties for Sale
Calculations provided by Reliance Network


Date Event Value
2/21/2023Source: WIREX-Metro Status Change
12/9/2022Source: WIREX-Metro Added to Database
12/8/2022Source: WIREX-Metro Status Change
8/4/2022Source: WIREX-Metro Added to Database
3/7/2022Source: WIREX-Metro Price Reduction
$3,750,000 -6.7%