501 6th St Racine, WI 53403
Downtown Racine NeighborhoodEstimated payment $2,676/month
Total Views
63,541
--
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
RE/MAX Newport Brokerage Email: office@remaxnewport.com License #56787-90 Listed on: 08/10/2024
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
Map
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Home Values in the Area
Average Home Value in this Area
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 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.
Karen's Other Listings
Source: Metro MLS
MLS Number: 1887269
APN: 276-000000355000
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