Two-Story Mixed-Use
For Sale
$414,900
1116 Grove Ave Unit 1118, Racine, WI 53405
Four-unit configuration combines upstairs apartments with ground-floor retail spaces and side and rear parking.
Property SizeContact for details
Days on Market29
Property Features for 1116 Grove Ave Unit 1118
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1969
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Realty ONE Group Boardwalk
(414) 651-7062
Listed By:
Darryl Heyden · License #8341594
Source:
Jwregwi
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 1:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Boardwalk
Investment Insights
Based on property information with market context.
This 1969 mixed-use building contains two apartments on the upper level and two retail spaces below. The ground-floor layout is currently configured for a barber shop and a beauty shop, while the upper level provides residential units. The property supports a combination of residential and commercial occupancy within one building.
A replacement roof was installed 2 years ago and includes a 20-year transferable warranty covering materials and labor. Parking is available along the side and at the rear of the building. The property is located at 1116 Grove Ave Unit 1118 in Racine, Wisconsin.
A replacement roof was installed 2 years ago and includes a 20-year transferable warranty covering materials and labor. Parking is available along the side and at the rear of the building. The property is located at 1116 Grove Ave Unit 1118 in Racine, Wisconsin.
Key Highlights
- Two apartments positioned above two ground‑floor retail spaces
- Ground‑floor spaces currently configured for a barber shop and beauty shop
- Roof replaced 2 years ago with a 20‑year transferable materials‑and‑labor warranty
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 53405, WI
25,561
Population
11,509
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
6.6 sq mi
ZIP Area
3,873
Density / Sq Mi
$68,339
Median Household Income
$40,162
Median Earnings
$946
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit configuration combines upstairs apartments with ground-floor retail spaces and side and rear parking.
Where is this mixed-use property located?
The property is located at 1116 Grove Ave Unit 1118 Racine, WI.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Two apartments positioned above two ground‑floor retail spaces; Ground‑floor spaces currently configured for a barber shop and beauty shop; Roof replaced 2 years ago with a 20‑year transferable materials‑and‑labor warranty
