514 College Ave Racine, WI 53403
Downtown Racine NeighborhoodEstimated payment $2,770/month
Highlights
- Display Windows
- Handicap Accessible
- 4-minute walk to Park Place
About This Home
Beautiful and unique 3 story commercial property located in the heart of historic downtown Racine. This wonderful building has a store front that can be converted into 2 separate units. currently rented out to a cake shop.There are 2 loft apartments on top 1 with a 1 bedroom and 2 bathrooms with a balcony the other is a 3 bedroom 1 bathroom. This building is one of a few left that has an Arcade cube display in the front is has been restored to its original beauty. There is even a private courtyard in the back that could be used to host a get together or have a private event. Fully rented out ready to add this lovely beauty to your portfolio today.
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,223
Home Design
- Brick Exterior Construction
- Tar and Gravel Roof
- Rubber Roof
Interior Spaces
- 5,728 Sq Ft Home
- Display Windows
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Additional Features
- Handicap Accessible
- 3,485 Sq Ft Lot
Community Details
- Operating Expense $5,100
- Gross Income $40,800
- Net Operating Income $35,900
Listing and Financial Details
- Exclusions: Seller and tenants personal property
- Assessor Parcel Number 00254000
Map
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 | $6,882 | $175,000 | $28,800 | $146,200 |
| 2023 | $5,223 | $175,000 | $28,800 | $146,200 |
| 2022 | $4,951 | $167,000 | $28,800 | $138,200 |
| 2021 | $5,463 | $167,000 | $28,800 | $138,200 |
| 2020 | $5,359 | $167,000 | $28,800 | $138,200 |
| 2019 | $5,085 | $159,000 | $28,800 | $130,200 |
| 2018 | $5,481 | $140,000 | $28,800 | $111,200 |
| 2017 | $5,564 | $140,000 | $28,800 | $111,200 |
| 2016 | $5,227 | $130,000 | $28,800 | $101,200 |
| 2015 | $4,892 | $130,000 | $28,800 | $101,200 |
| 2014 | $4,892 | $130,000 | $28,800 | $101,200 |
| 2013 | $4,892 | $130,000 | $28,800 | $101,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | For Sale | $440,000 | -- | $77 / Sq Ft |
Source: Metro MLS
MLS Number: 1921853
APN: 276-000000254000
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