NOT LISTED FOR SALE

Estimated Value: $281,042

Studio
2 Baths
2,414 Sq Ft
$116/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2025

Last sale price $335,000 $139 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $2,072 / mo

39 Days on Market

Highlights

  • Property is near public transit
  • Home Security System
  • Central Air
  • Display Windows
  • Storage
  • 4-minute walk to Racine Parks-Rec & Cultural

About This Home

As of May 2025

One-of-a-kind opportunity to own this freshly updated, TURN-KEY tavern with a large 1 BD / 1 BA apartment above in Downtown Racine across from City Hall. The bar is not open but has everything ready for new ownership. Located in a high-traffic, high-visibility area, it's ideal for an owner-operator or as an investment property. The apartment is move-in ready, currently operating as an Airbnb, and features modern appliances, hardwood floors, in-unit laundry, and a large living area. The apartment would also make a perfect owner's suite, offering the convenience of living right above your business with its own private entrance. This property offers an excellent opportunity to own both a business and a beautiful apartment in one of Racine's vibrant areas with great city views.

Last Agent to Sell the Property

Benjamin Schmid

Image Real Estate, Inc. License #96246-94 Listed on: 02/27/2025

Last Buyer's Agent

Jamie Harris

Lannon Stone Realty LLC License #70859-94

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,775

Lot Details

  • 9,148 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 13 Parking Spaces

Home Design

  • Composition Roof
  • Rubber Roof

Interior Spaces

  • Restroom Available
  • 2,414 Sq Ft Home
  • Display Windows
  • Storage
  • Basement Fills Entire Space Under The House
  • Home Security System

Additional Features

  • Property is near public transit
  • Central Air

Community Details

  • Security Lighting

Listing and Financial Details

  • Assessor Parcel Number 03538000

Property Details

Property Type

Other

Est. Annual Taxes

$4,775

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.21
  • Road Frontage Type: Town/City Road, High Visibility, Paved Road, Paved Lot, Near Public Transit
  • Directions: 6th st east of Marquette
  • Property Information:Est Total Sq Ft: 2414
  • Special Features: None

Interior Features

  • Has Basement: Full, Brick
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Wood
  • Roof: Rubber, Composition

Garage/Parking

  • Total Parking Spaces: 13

Utilities

  • Green Building Features: Security Equipment, Roof Sign, Fixtures, Display Window, License Included, Rest Rooms, Inside Storage, Living Space Avail, Security Lighting
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Parcel #: 03538000

Tax Info

  • Tax Annual Amount: 4775
  • Tax Year: 2024

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
May 23, 2025
Sold by
Bought by
Seller's Agent
Benjamin Schmid
Image Real Estate, Inc.
Buyer's Agent
Jamie Harris
Lannon Stone Realty LLC
List Price
$335,000
Sold Price
$335,000
Views
39
Current Estimated Value
$281,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,958
Avg. Annual Appreciation
-13.72%

Purchase Details

Closed on
May 5, 2024
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 2024
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Racine, WI

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Purchase 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 Buyer Sale Price Title Company
$335,000 Landmark Title
$240,000 Benjamin J. Schmid
$240,000 Landmark Title Of Racine, Inc.
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $495,000
Previous Owner $235,687
Previous Owner $30,000
Previous Owner --
Previous Owner $30,000
Previous Owner $116,200
Previous Owner $50,000
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
05/23/2025 05/23/25 Sold $335,000 0.0% $139 / Sq Ft
02/27/2025 02/27/25 For Sale $335,000 -- $139 / Sq Ft
Source: Metro MLS

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 $6,332 $235,000 $18,000 $217,000
2024 $5,201 $192,000 $18,000 $174,000
2023 $5,433 $192,000 $18,000 $174,000
2022 $5,183 $183,000 $18,000 $165,000
2021 $5,745 $183,000 $18,000 $165,000
2020 $5,634 $183,000 $18,000 $165,000
2019 $5,341 $174,000 $18,000 $156,000
2018 $5,557 $168,000 $18,000 $150,000
2017 $5,647 $168,000 $18,000 $150,000
2016 $5,524 $160,000 $18,000 $142,000
2015 $5,293 $160,000 $18,000 $142,000
2014 $5,293 $160,000 $18,000 $142,000
2013 $5,293 $160,000 $21,000 $139,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1908146

Metro MLS

APN: 276-000003538000

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