Investment Overview

Situated at 1760 State St, Racine, WI 53404, this property, listed by Marcus & Millichap, presents a lucrative opportunity in the heart of Racine. Spanning 64,700 SF distributed on three buildings on a generous lot of 1.27 acres, this offering boasts substantial space for a variety of industrial purposes. The property features convenient logistics with 2 dock doors (1) 14ftx10 & (1) 8ft x 10, one side loading dock 8ft x 8ft, and 1 drive-in access, facilitating efficient operations. Moreover, its generous clear heights of 16 feet provide ample vertical space, accommodating various industrial needs. Zoned for commercial use, this property offers versatility, allowing for potential conversion to multi-tenant small-bay industrial units. This zoning flexibility opens doors to promising cash flow opportunities, making it an attractive investment prospect. In the broader market context, industrial properties catering to small tenants represent a niche segment, comprising only 29% of existing U.S. industrial space. Notably, this sector is underrepresented in ongoing construction projects, occupying less than 2% of the industrial space under development. This underscores the unique opportunity presented by this property. Strategically positioned on a bustling corner with heavy traffic along State Street, the property enjoys prime visibility and accessibility. Located just 1.5 miles from the vibrant Racine Downtown area, it benefits from the ongoing residential improvements in the vicinity, enhancing its appeal to prospective tenants or buyers. Furthermore, its strategic location offers convenience, being merely 2 miles away from Batten International Airport and a short 22-mile drive from Milwaukee International Airport. This proximity to key transportation hubs adds to the property's allure and accessibility.