Racine, Wisconsin, offers a diverse range of investment opportunities, including 2 warehouses for sale. Warehouses are an attractive investment option in Racine due to the city's rich industrial history and its position as a hub for various industries, such as heavy equipment manufacturing, cleaning and chemical products, and heat exchangers. Warehouses can represent a variety of investments, from storage and distribution facilities to manufacturing and production spaces. Racine's warehouses offer a range of amenities, including proximity to major transportation facilities like Batten International Airport and the Belle Urban System, as well as access to a skilled workforce and a strong educational system, with institutions like the University of Wisconsin–Parkside and Gateway Technical College. The city's location on the shore of Lake Michigan and its warm-summer Continental climate also make it an attractive location for businesses and investors. With its rich history, diverse economy, and range of amenities, Racine is an excellent place to invest in a warehouse.
Racine's warehouses are situated in a city with a strong industrial heritage, with nearby attractions like the Wind Point Lighthouse and the Racine Art Museum. In addition to warehouses, Racine also offers a range of other investment opportunities, including industrial properties, which can be used for manufacturing, production, and distribution. The city's land market also offers opportunities for development and investment, with a range of parcels available for purchase. For those looking to invest in residential income properties, Racine offers a range of options, from single-family homes to apartment buildings. Commercial real estate is also available in Racine, with a range of properties suitable for office, retail, and other business uses. With its diverse economy, range of amenities, and attractive location, Racine is an excellent place to invest in a variety of property types.
What are the key features investors look for in warehouses in Racine?
When it comes to investing in warehouses in Racine, Wisconsin, there are several key features that investors typically look for to ensure a successful and profitable venture.
- Location and accessibility, with proximity to major transportation facilities such as Batten International Airport, Amtrak's Hiawatha Line, and major roads, to facilitate easy movement of goods and supplies.
- Space and layout, with a focus on the average size of warehouses in Racine, which is approximately 7,478 square feet, and the largest size available, which is 9,200 square feet, to accommodate various business needs and operations.
- Return on investment, with a consideration of the average price per square foot, which is $214 USD, and the average cap rate, which is 8%, to ensure a strong potential for rental income and long-term appreciation in value.
What size warehouses are available to buy in Racine?
Warehouses for sale in Racine range in size from approximately 5,757 square feet to 9,200 square feet, with an average size of 7,478 square feet.
How much does it cost to buy a warehouse in Racine?
Currently, there are 2 warehouses for sale in Racine, with an average price per square foot of $214 USD and an average size of 7,478 square feet, ranging up to 9,200 square feet, offering a range of options for buyers to find a suitable property that fits their needs and budget.
