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Key Details
Sold Price $279,000
Property Type Commercial
Sub Type Office(s),Service,Retail,Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 3,249 sqft
Price per Sqft $85
MLS Listing ID 1970968
Sold Date 09/30/26
Year Built 1875
Annual Tax Amount $6,863
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Office(s),Service,Retail,Special Purpose
Property Description
Historic Downtown Live-Work Asset. Unlock incredible value in downtown Racine with this turnkey 1875 brick landmark. A proven performer, this property generated $39,000/year gross income from August 2024 to July 2026, delivering an impressive 11.85 cap rate. The first floor features prime commercial retail or office space with soaring 15-foot ceilings and high-visibility display windows directly on Main Street. Upstairs, discover a luxury residential loft apartment complete with high-end finishes and beautiful lake views. With current leases expiring July 31, 2026, this is the perfect window for an owner-occupant to move right in and start operating or for a savvy investor to reset market rents. Enjoy being fully walkable to the local marina, Lake Michigan beaches, and Monument Square.
Location
State WI
County Racine
Zoning B4 Central Bus
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Exterior
Exterior Feature Brick, Brick/Stone
Garage Spaces 2.0
Parking On Site 2
Roof Type Rubber/Membrane
Building
Story 2
Sewer Municipal Sewer, Municipal Water
New Construction N
Others
Special Listing Condition Arms Length
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Bought with Shorewest Realtors, Inc.
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