1220 Mound AveRacine, WI 53404

  • Commercial real estate
  • 690,502 SF

Property Details for 1220 Mound Ave

Year built
1937
Lot size
13.19 AC
Property size (Sq ft)
690,502 SF
Zone code
I2
Property type
Commercial real estate
APN
276 000003056001
APU
276000003056001

Description

This exceptional Racine, Wisconsin property, located at 1220 Mound Ave, offers a unique blend of executive office and warehouse space. The building, totaling 438,426 square feet, boasts a substantial 407,321 square feet of immediately available space, divisible to a minimum of 1,680 square feet. Built in 1937 and extensively renovated in 2018, the six-story structure features ceiling heights of up to 24 feet, providing ample vertical space. Tenants will benefit from excellent access and loading capabilities, including 10 dock-high doors and 8 drive-in doors. Ample parking is available with 377 standard spaces, 10 handicap-accessible spaces, and 8 semi-truck spaces. The property sits on a generous 13.99-acre lot and is zoned 1-2 Industrial, offering flexibility for a variety of uses. Utilities are provided by WE Energies. This prime location in Racine County (APN: 03056001, Zip Code: 53404) offers easy access to major transportation routes. The property's combination of modern amenities and substantial space makes it an ideal location for businesses seeking a versatile and efficient workspace. Contact us today to learn more about leasing opportunities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $142,708,736
    Hospitality
    $130,720,440
    Educational
    $108,757,872
    Medical
    $112,498,216
    Retail
    $169,178,912

Location Insight

City
Racine
County
Racine
State
Wisconsin
Latitude
42.7292
Longitude
-87.796
CBSA code
39540
CBSA name
RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,433
$462,400
$2,688,600
$3,151,000
-
$512,105
$2,977,610
$3,489,715

FAQs

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