$415,000

Estimated payment $2,820/month

Total Views 42,199
-- Bed
-- Bath
3,249 Sq Ft
$128 Price per Sq Ft

Highlights

  • Hot Property
  • Storage
  • 5-minute walk to Park Place
  • Display Windows
  • Central Air

About This Home

Discover a premier investment in the heart of downtown Racine! This historic 2-story brick building (circa 1875) offers a unique mixed-use opportunity. The 1st floor features a versatile commercial space with high visibility on Main Street, huge display windows, an office, and storage. The 2nd floor boasts a spacious, fully-equipped luxury loft apartment perfect for modern downtown living by the lake. Combined, these units generate strong rental income, with the commercial space leasing for $1,600/month and the luxury apartment for $1,700/month. Each unit includes a dedicated parking space. Located just blocks from Lake Michigan, the marina, rotary park, and monument square. This property places you at the center of it all. An incredible opportunity for savvy investors or owner-occupants!

Listing Agent

Joseph Cardenas

JC Realtors License #58937-90 Listed on: 07/07/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,283

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 3,249 Sq Ft Home
  • Display Windows
  • Storage
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • 220 Volts

Community Details

  • Gross Income $39,600
  • Net Operating Income $39,600

Listing and Financial Details

  • Exclusions: Seller's, Tenant's, and Commercial Space's Personal property.
  • Assessor Parcel Number 00119000

Property Details

Property Type

Other

Est. Annual Taxes

$6,283

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.06
  • Road Frontage Type: Town/City Road, High Visibility, Near Public Transit
  • Inclusions: 1st Floor: None; 2nd Floor: Refrigerator, Oven/Range, Range Hood, Dishwasher, Microwave, Disposal, Washer, Dryer, 6 Bar Stools, and 2 Decorative, Rolling Ladders in Living Room.
  • Directions: On Main Street in downtown Racine, between 3rd and 4th Streets.
  • Property Information:Est Total Sq Ft: 3249
  • Special Features: None

Interior Features

  • Has Basement: Full

Exterior Features

  • Exclusions: Seller's, Tenant's, and Commercial Space's Personal property.
  • Construction Type: Brick
  • Roof: Rubber

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Green Building Features: Display Window, 220 Volt Power, Inside Storage, Living Space Avail
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 00119000

Multi Family

  • Annual Gross Income: 39600
  • Property Net Operating Income: 39600

Tax Info

  • Tax Annual Amount: 6283.29
  • Tax Year: 2025

Map

Range of Values:

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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 $6,283 $215,000 $15,700 $199,300
2023 $6,534 $215,000 $15,700 $199,300
2022 $6,249 $205,000 $15,700 $189,300
2021 $6,879 $205,000 $15,700 $189,300
2020 $6,751 $205,000 $15,700 $189,300
2019 $6,414 $195,000 $15,700 $179,300
2018 $5,615 $170,000 $15,700 $154,300
2017 $5,785 $170,000 $15,700 $154,300
2016 $6,356 $170,000 $15,700 $154,300
2015 $5,937 $170,000 $15,700 $154,300
2014 $5,937 $170,000 $15,700 $154,300
2013 $5,937 $170,000 $15,700 $154,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $415,000 -- $128 / Sq Ft
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Unknown
Source: Public Records

About the Listing Agent

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    One Party Listing - Comp purposes only.

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Source: Metro MLS

MLS Number: 1925338

Metro MLS

APN: 276-000000119000