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Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $43
MLS Listing ID 1886364
Sold Date 08/30/24
Year Built 1920
Annual Tax Amount $5,596
Tax Year 2023
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Retail
Property Description
This northside offering provides a unique investment opportunity, combining multiple income streams within a single property. The 1st part is a fully-equipped laundromat with 20 washers and 14 gasdryers, as well as all necessary amenities, ensuring a steady income with minimal management required. The 2nd component is the adjacent 1st floor office/retail/contractor space. This space includes an office, a conference room, and ample storage, including a 10' OH door and full basement storage. Adding further value to the property are 3 second-floor apartments. Each apartment has 2 bedrooms, ,updated bathrooms, and modern kitchens, providing additional rental income. Overall, this 2-story building represents a significant opportunity with its diverse revenue streams and strategic features.
Location
State WI
County Racine
Zoning B2
Rooms
Basement Full
Interior
Heating Electric, Natural Gas
Cooling Central Air, Forced Air, Individual Heating Units
Exterior
Exterior Feature Brick, Brick/Stone, Aluminum/Steel, Steel, Stone
Roof Type Rubber/Membrane
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
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Bought with First Weber Inc- Racine
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