609 Pine StBurlington, WI 53105

Property Details for 609 Pine St

Year built

1975

Lot size

0.04 AC

Property size (Sq ft)

6,132 SF

Property type

Commercial real estate

APN

206 031932016000

APU

206031932016000

Description

This exceptional commercial property, located in the heart of downtown Burlington, Wisconsin, presents a unique investment opportunity. The offering encompasses two distinct parcels of land, identified as tax key parcel numbers 206-03-19-32-016-001 and 206-03-19-32-016-000, totaling 9,548 square feet of versatile multi-use office space. The property's address is split between 609 North Pine Street and 549 Milwaukee Avenue, providing excellent visibility and accessibility within the bustling downtown area. The substantial square footage allows for a variety of commercial uses, making it ideal for businesses seeking a prominent location with ample space. The 0.1-acre lot provides convenient parking and potential for future expansion. This property is priced at $680,000 and offers a significant return on investment for the discerning buyer. The strategic location and substantial size make this a rare opportunity to acquire a substantial commercial property in a thriving Wisconsin community. The dual parcel nature of the property offers flexibility and potential for future development or separate leasing opportunities. This is a turnkey solution for businesses seeking a well-established presence in a vibrant downtown setting. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,254,830

  6.5%

  $1,158,310

  7%

  $1,075,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $622,540

  Geo Method

  $798,693

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,353,280

  Retail / Commercial

  $1,192,490

  Mixed-Use / Specialty

  $1,177,000

  Hospitality / Lodging

  $848,900

  Office

  $1,158,310

  Institutional / Educational

  $1,219,590

  Residential Income

  $1,426,920

  Multifamily

  $1,773,670

  Automotive / Energy

  $1,045,370

  Parking / Income-Based Land

  $371,845

  Restaurant / Food Service

  $588,187

  Healthcare / Senior Housing

  $1,218,520

Location Insight

City

Burlington

County

Racine

State

Wisconsin

Latitude

42.6808

Longitude

-88.2773

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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