$800,000

Estimated payment $5,148/month

Total Views 3,930
-- Bed
-- Bath
18,600 Sq Ft
$43 Price per Sq Ft

About This Home

Situated on one of Downtown Racine's most visible corners, this five-story building offers an exceptional opportunity for business owners and investors. The first floor features a modern restaurant/bar space, with a banquet and serving area on the second floor completed in 2012. Floors three and four offer multi-office suites with impressive views of Monument Square and Lake Michigan, appealing to tenants seeking a central, scenic location. The fifth floor hosts a private club, adding exclusivity and versatility to the property. Its premier location and strong visibility make this a standout asset in the heart of Racine's business district. Contact us for more information or to arrange a tour.

Listing Agent

John Crimmings

First Weber Inc- Racine License #16217-90 Listed on: 11/10/2025

First Weber Inc- Racine

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,326

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof

Interior Spaces

  • 18,600 Sq Ft Home
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Exclusions: Personal property of tenants.
  • Assessor Parcel Number 00316000

Community Details

Amenities

  • Elevator

Building Details

  • Operating Expense $44,880
  • Gross Income $96,600
  • Net Operating Income $66,920

Property Details

Property Type

Other

Est. Annual Taxes

$11,326

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.08
  • Road Frontage Type: Town/City Road, High Visibility, Paved Road, Near Public Transit
  • Inclusions: None
  • Directions: Main Street to 6th Street; Southwest corner of Main Street and 6th Street
  • Property Information:Est Total Sq Ft: 18600
  • Special Features: None

Interior Features

  • Has Basement: Full, Brick

Exterior Features

  • Exclusions: Personal property of tenants.
  • Construction Type: Brick
  • Roof: Tar/Gravel

Utilities

  • Green Building Features: Elevator, Rest Rooms
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 3484.8
  • Parcel #: 00316000

Multi Family

  • Annual Gross Income: 96600
  • Property Net Operating Income: 66920
  • Annual Operating Expense: 44880

Tax Info

  • Tax Annual Amount: 11326
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,695 $483,000 $29,800 $453,200
2023 $14,229 $483,000 $29,800 $453,200
2022 $14,108 $483,000 $29,800 $453,200
2021 $15,598 $483,000 $29,800 $453,200
2020 $15,291 $483,000 $29,800 $453,200
2019 $14,435 $460,000 $29,800 $430,200
2018 $12,876 $400,000 $29,800 $370,200
2017 $13,164 $400,000 $29,800 $370,200
2016 $13,452 $400,000 $29,800 $370,200
2015 $12,921 $400,000 $29,800 $370,200
2014 $12,921 $400,000 $29,800 $370,200
2013 $12,921 $400,000 $29,800 $370,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 For Sale $800,000 -- $43 / Sq Ft
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $295,000 Mayfair Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $395,000 Construction
Source: Public Records

Source: Metro MLS

MLS Number: 1942435

Metro MLS

APN: 276-000000316000