Racine, Wisconsin, offers a unique opportunity for investors to capitalize on the city's rich industrial history and diverse economy. With 5 office properties for sale, investors can choose from a range of options to suit their needs. Office properties in Racine can represent a variety of investments, from commercial real estate to industrial spaces, and can be an attractive option for businesses looking to establish a presence in the area. The city's amenities, such as the Belle Urban System for mass transit and the Racine Fire Department for fire protection and ambulance services, make it an attractive location for businesses and employees alike. Additionally, Racine's location on the shore of Lake Michigan and its proximity to Milwaukee and Chicago provide easy access to major markets and transportation hubs. The city is also home to several major corporations, including S. C. Johnson & Son and Dremel Corporation, and is known for its historic districts and buildings, including structures designed by Frank Lloyd Wright.
Racine's office properties offer a range of benefits, including access to a skilled workforce and a diverse economy. The city is home to the University of Wisconsin–Parkside and Gateway Technical College, providing a pipeline of talented employees. Additionally, Racine's arts scene, including the Racine Art Museum and the Racine Symphony Orchestra, provides a unique cultural experience for residents and visitors. Other property types available in Racine include commercial real estate, which can offer investors a range of opportunities, from retail spaces to industrial properties. Apartment buildings are also available, providing investors with a chance to capitalize on the city's growing rental market. Shopping centers, such as the Regency Mall, offer a range of retail options, while hotels, like the Harbor House, provide accommodations for visitors. With its diverse economy, rich history, and cultural attractions, Racine is an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Racine?
The average price per square foot for office properties in Racine is $135 USD per square foot, with 5 available listings ranging in size from 20,789 square feet to 63,000 square feet, offering a diverse range of options for investors and businesses alike.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Racine, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, prime locations, and high-quality finishes, often attracting large corporations and professional firms.
- Class B office properties are older, yet still well-maintained, with functional layouts and adequate amenities, suitable for smaller businesses, startups, and entrepreneurs.
- Class C office properties are older, often in need of renovation, with limited amenities, and are typically more affordable, making them ideal for budget-conscious businesses or those requiring minimal space.
