510 College Avenue

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

510 College Avenue

Racine, WI 53403
Asking Price
$1.50M
Asset Type
Office
Class
Class B

What's Special

Turnkey three-Story executive office building in heart of downtown Racine with onsite parking. <ul><li>​<span style="color: rgba(34, 34, 34, 1)">±20,450 SF across three floors in a well-maintained historic downtown building</span></li><li>​<span style="color: rgba(34, 34, 34, 1)">Vacant at closing, providing immediate occupancy and value-add opportunities</span></li><li>​<span style="color: rgba(34, 34, 34, 1)">Suitable for owner-user, multi-tenant office, medical, professional services, coworking, educational, or mixed-use conversion (subject to approvals)</span></li><li>​<span style="co

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

Location & Travel Times