$1,100,000

Estimated payment $6,602/month

Total Views 325
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

For over 120 years, this iconic corner building has commanded State Street in its signature patina copper facade. The Lincoln Block delivers serious income potential wrapped in irreplaceable historic character -- 6 first-floor office/retail storefronts (~2,000 SF each) and 9 second-floor apartments across 3 separate parcels sold as one including a 4th parcel that is a vacant lot! 24+ paved parking spaces, additional vacant parcel to the north included for future development. Steps from Racine's revitalized downtown, Root River Harbor, and Lake Michigan. Racine's revival is underway! Don't miss this rare opportunity!

Listing Agent

Ryan Douglas

Land-Quest Realty, LLC License #53935-90 Listed on: 06/17/2026

Property Details

Home Type

  • Multi-Family

Lot Details

  • 29,185 Sq Ft Lot
  • 02813000

Home Design

  • Brick Exterior Construction

Schools

  • Julian Thomas Elementary School
  • Jerstad-Agerholm Middle School
  • Horlick High School

Community Details

  • Operating Expense $77,082
  • Net Operating Income $86,637

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 02814000

Property Details

Home Type

Multi-Family

Lot Details

0.67 Acres

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.67
  • Directions: Take Main Street to State Street then West to Property.
  • Special Features: None

Interior Features

  • Owner Pays: Water
  • Has Basement: None

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Julian Thomas
  • Junior High Dist: Racine Unified
  • High School: Horlick
  • Middle Or Junior School: Jerstad-Agerholm

Lot Info

  • Lot Size Sq Ft: 29185.2
  • Additional Parcels Description: 02813000
  • Parcel #: 02814000

Rental Info

  • Tenant Pays: Electricity, Heat

Multi Family

  • Property Net Operating Income: 86637
  • Annual Operating Expense: 77082.21

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,069 $324,500 $8,000 $316,500
2024 $7,344 $295,000 $8,000 $287,000
2023 $7,705 $295,000 $8,000 $287,000
2022 $7,464 $281,000 $8,000 $273,000
2021 $8,363 $281,000 $8,000 $273,000
2020 $8,192 $281,000 $8,000 $273,000
2019 $7,812 $268,000 $8,000 $260,000
2018 $7,451 $0 $0 $0
2017 $7,711 $244,000 $8,000 $236,000
2016 $7,524 $232,000 $8,000 $224,000
2015 $7,472 $232,000 $8,000 $224,000
2014 $7,472 $232,000 $8,000 $224,000
2013 $7,472 $242,000 $9,000 $233,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/17/2026 06/17/26 For Sale $1,100,000 -- --
Source: Metro MLS

Source: Metro MLS

MLS Number: 1967764

Metro MLS

APN: 276-000002814000

Your Personal Tour Guide

Ask me questions while you tour the home.