March 6, 2009

Property Transfers: Peace Lutheran Church sells for $1.045 million

Click here for the Racine County Property Transfers from Feb. 23-27.

The big sale of the week was Peace Lutheran Church at 1619 Newman Road. The 11.6-acre property sold Feb. 10 for $1.045 million.

In last week's transfers, Leipold Enterprises - owned by Craig Leipold - sold their building in the Stephen F. Olsen Industrial Park for $2.5 million. The property, at 3600 S. Memorial Drive, was assessed at $2.8 million.

And in an update from Property Transfers on Jan. 31, we got an update on South Hills Country Club in Caledonia. Hintz Real Estate Developers bought the 148-acre property, located along I-94, for $5.9 million.

Kelly Jensen, manager of of South Hills Country Club in Caledonia, said this week the golf course was preparing to sign a two-year lease on the land. The course is preparing to open for golf next weekend. The club hired a new caterer, Sophisticatering, of Kenosha, Jensen said.

That answers the question about the short-term future of the property that may become prime development land once the I-94 expansion is completed. Jensen, who runs the course with her sister and father, said they hope to keep the course running beyond the new two-year lease.

1 comment:

  1. Clarification, please - Did the church building sell, or just the land? or both? Who bought it? For what purpose?