Mixed-Use Building with Retail
For Sale
$414,900
1118-1116 Grove Avenue, Racine, WI 53405
Two apartments sit above two ground-floor commercial suites with parking at the side and rear.
Property SizeContact for details
Days on Market151
Property Features for 1118-1116 Grove Avenue
General Information
Standard status
Active
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,533
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Realty ONE Group Boardwalk
(262) 586-7900
Listed By:
Darryl Heyden · License #8341594
(414) 651-7062
Source:
Exprealty
Added: Apr 8
Changed: Sep 5
Last Checked: Sep 5 at 2:44PM
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 mixed-use property combines four separate spaces within one building: two apartments on the upper level and two commercial suites below. The ground-floor spaces are configured for retail use, with a barber shop and beauty shop currently identified in the property information. The layout also supports consideration of other commercial uses, including an insurance agency.
A roof installed 2 years ago is covered by a 20-year transferable warranty for materials and labor. Parking is available along the side and behind the building. Access to certain occupied spaces requires 24 hours’ notice, while the upper and lower areas on the south side can be shown immediately.
A roof installed 2 years ago is covered by a 20-year transferable warranty for materials and labor. Parking is available along the side and behind the building. Access to certain occupied spaces requires 24 hours’ notice, while the upper and lower areas on the south side can be shown immediately.
Key Highlights
- Four‑space configuration with 2 apartments above 2 retail suites
- Ground‑floor spaces currently identified as a barber shop and beauty shop
- Roof is 2 years old with a 20‑year transferable materials‑and‑labor warranty
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,294 visits/mo
0.4 miles
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments sit above two ground-floor commercial suites with parking at the side and rear.
Where is this mixed-use property located?
The property is located at 1118-1116 Grove Avenue 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: Four‑space configuration with 2 apartments above 2 retail suites; Ground‑floor spaces currently identified as a barber shop and beauty shop; Roof is 2 years old with a 20‑year transferable materials‑and‑labor warranty
