Turnkey Downtown Retail
405 6th STREET Racine, WI 53403
405 6th STREET, Racine, WI, 53403
$329,900
For Sale
$329,900
Completely renovated storefront with updated front space, herringbone floors, and renovated bathroom, plus basement storage.
Property Size1,650 SF
Price / SF$199.94
Days on Market396
Property Features for 405 6th STREET
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
RE/MAX ELITE
(262) 925-3000
Listed by
Felicia Pavlica Team*
Source
Xome
Added: Jun 22, 2025 Updated: Jul 22 at 6:03AM Checked: Jul 22 at 6:03AM
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 RE/MAX ELITE
Investment Insights
Based on property information with market context.
This completely renovated retail storefront offers an inviting updated front space with new display windows and new herringbone floors. The interior includes fresh paint, soaring ceilings, and a completely remodeled bathroom, along with key building improvements such as a new roof, new furnace, and air conditioning.
The property is positioned in Downtown Racine on 6th Street, surrounded by other thriving local businesses.
An additional basement level provides extra storage and flexibility for day-to-day operations, offering a blank slate for a new or expanding business.
The property is positioned in Downtown Racine on 6th Street, surrounded by other thriving local businesses.
An additional basement level provides extra storage and flexibility for day-to-day operations, offering a blank slate for a new or expanding business.
Key Highlights
- Completely renovated commercial storefront with updated front space, renovated bathroom, and new herringbone floors
- New roof plus new furnace and AC (central air)
- Fresh paint, soaring ceilings, and updated display windows throughout the space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $15.00 |
| − Vacancy | −$767 | −$0.47 |
| EGI | $24.0k | $14.54 |
| − OpEx | −$7.2k | −$4.36 |
| NOI | $16.8k | $10.17 |
1,650 SF · lease $15.00/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$239.8K
$209.9K – $279.8K
NOI $16,788 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.8K
$347.2K – $462.9K
NOI $27,775 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Loan Till Payday ...
Loan Service
Similar For Sale Nearby
Similar Off Market Nearby
- Millers Flowers — 219 6th St, Racine, WI 53403
- Racine Floral Co — 219 6th st, racine, wi 53403
FAQs
What type of property is this?
Storefront property - Completely renovated storefront with updated front space, herringbone floors, and renovated bathroom, plus basement storage.
Where is this storefront property located?
The property is located at 405 6th STREET Racine, WI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Completely renovated commercial storefront with updated front space, renovated bathroom, and new herringbone floors; New roof plus new furnace and AC (central air); Fresh paint, soaring ceilings, and updated display windows throughout the space
