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Mixed-Use Building with Storefronts
For Sale
$455,000
Pending

2421 Geneva St, Racine, WI 53402

Occupied retail and residential units provide a combined commercial and apartment configuration.

Property SizeContact for details
Days on Market574

Property Features for 2421 Geneva St

General Information

Standard status Pending
Property subtype Commercial/Industrial
Occupancy 100%

Units

Unit Mix 4 x 1BR
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $7,062

Amenities

hardwood floors
appliances included
coin operated laundry

Building Details

Year Built 1930
Construction brick
Tenancy Multi
Listing Agency: Image Real Estate, Inc.
Listed By: Kevin Krug · License #90043-94
Source: Exitrealty
Added: Feb 2, 2025 Changed: Aug 29 Last Checked: Aug 29 at 10:08PM

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 Image Real Estate, Inc.

Investment Insights

Based on property information with market context.

Built in 1930, this mixed-use property combines three storefronts with four one-bedroom apartments. All commercial and residential units are currently occupied, creating an established retail and apartment configuration at 2421 Geneva St in Racine’s North side.

The brick exterior offers a durable building envelope, while the roof is less than 5 years old. Interior features include hardwood floors and appliances in each unit. Boiler heat, a newer water heater, and coin-operated laundry in the basement add to the property’s existing operating features.

Key Highlights

  • Three storefronts and four 1‑bedroom apartments
  • All units are fully occupied
  • Brick exterior with a roof less than 5 years old

Property Analytics

Current Use

LIT LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Dental Office Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

500
Businesses Nearby

Demographics for 53402, WI

33,621
Population
15,660
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,681
Density / Sq Mi
$74,125
Median Household Income
$47,838
Median Earnings
$1,049
Median Rent
$224,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Occupied retail and residential units provide a combined commercial and apartment configuration.
Where is this mixed-use property located?
The property is located at 2421 Geneva St Racine, WI.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Three storefronts and four 1‑bedroom apartments; All units are fully occupied; Brick exterior with a roof less than 5 years old
More about this property
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