Property summary
This exceptional redevelopment opportunity presents a unique chance to acquire 1012 Main Street in downtown Racine, Wisconsin. The property encompasses a remarkable 43,510 square feet situated on a 1.12-acre lot and includes two historic structures: a three-story Italianate mansion built in 1856 and a Masonic Temple addition constructed in 1922. The property, currently vacant, offers flexible floor plates suitable for various uses, including multi-family conversion or an event venue. The… asking price is $1,200,000 ($40.22/sq ft). The existing building boasts elegant rooms, spacious halls, a ballroom, and a theater, previously used for tours, weddings, receptions, and corporate events. On-site parking accommodates up to 46 vehicles. This prime location on Racine's main commercial corridor provides excellent views of Lake Michigan and is conveniently located less than 10 miles from Interstate 94, 20 minutes from Kenosha, and 38 minutes from Milwaukee. The property is zoned RO - Restricted Office District and features numerous potential tax incentives at the local, state, and national levels. The property's rich history and versatile layout make it an ideal investment for those seeking a high-impact project in a vibrant downtown setting. The APN is 276-00-00-00-589-000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 43,510 SF
- Lot area
- 1.12 ac
- Year built
- 1856
- APN
- 276-00-00-00-589-000
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Ownership
- Owner Contacts
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- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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