$419,900

Estimated payment $2,695/month

Total Views 59,607
-- Bed
-- Bath
5,200 Sq Ft
$81 Price per Sq Ft

Highlights

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

About This Home

This prime commercial property on Racine's popular Sixth Street is a standout investment opportunity. The bar features a newly updated kitchen, perfect for serving meals alongside drinks, and is a local favorite for live music. Entertainment options include a pool table and gambling machines, ensuring a lively atmosphere. The upper unit offers a large entertainment room for private events, and one apartment has been gutted to the studs, ready for customization. Additionally, a city facade grant is available for exterior improvements, including window upgrades, adding even more value to this property. Situated in the heart of downtown Racine's vibrant nightlife scene, this location is an excellent asset for investors.

Listing Agent

Karen Sorenson

RE/MAX Newport Brokerage Email: office@remaxnewport.com License #56787-90 Listed on: 08/10/2024

RE/MAX Newport

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,496

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts a private road
  • Property fronts a state road

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 5,200 Sq Ft Home
  • Display Windows
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 00355000

Property Details

Property Type

Other

Est. Annual Taxes

$5,496

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Business Type: Restaurant, Tavern/Bar, Recreation
  • Lot Size Acres: 0.06
  • Road Frontage Type: Private Road, Town/City Road, State Road, High Visibility, Paved Road, Near Public Transit
  • Directions: Hwy 20 ( Washington Ave) east to Park Ave north to property.
  • Attribution Contact: office@remaxnewport.com
  • Property Information:Est Total Sq Ft: 5200
  • Special Features: None

Interior Features

  • Has Basement: Full

Exterior Features

  • Construction Type: Brick
  • Roof: Rubber

Utilities

  • Green Building Features: Security Equipment, Fixtures, Display Window, Rest Rooms, 220 Volt Power, Living Space Avail
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 00355000

Tax Info

  • Tax Annual Amount: 5496.4
  • Tax Year: 2024

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 $7,196 $200,000 $20,800 $179,200
2023 $5,221 $177,000 $20,800 $156,200
2022 $4,866 $169,000 $20,800 $148,200
2021 $5,385 $169,000 $20,800 $148,200
2020 $5,281 $169,000 $20,800 $148,200
2019 $8,186 $270,000 $20,800 $249,200
2018 $7,494 $236,000 $20,800 $215,200
2017 $7,784 $236,000 $20,800 $215,200
2016 $7,852 $236,000 $20,800 $215,200
2015 $7,542 $236,000 $20,800 $215,200
2014 $7,542 $236,000 $20,800 $215,200
2013 $7,542 $236,000 $20,800 $215,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2024 08/10/24 For Sale $419,900 -- $81 / Sq Ft
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Unknown
Open $249,000 Unknown
Previous Owner $50,000 Unknown
Previous Owner $176,000 Future Advance Clause Open End Mortgage
Source: Public Records

About the Listing Agent

Karen Sorenson

RE/MAX Newport

(262) 368-6968

Section Image

Karen was born and raised in Racine County. Her husband and her have raised their four children there and run various businesses. She has been in Real Estate for 25 years. Karen has her real estate license in both Wisconsin and Illinois. She enjoys helping people with some of the biggest decisions of their life. Is it time to buy, sell, invest, move or I'm underwater what are my options? She does Commercial real estate also and she is the # 1 agent in Racine County.

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Source: Metro MLS

MLS Number: 1887269

Metro MLS

APN: 276-000000355000