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Mixed-Use Building with Storefront
For Sale
$289,900

501 High Street, Racine, WI 53402

Three occupied apartments accompany a vacant commercial space in this Racine property.

Property Size5,454 SF
Price / SF$53.15
Days on Market172

Property Features for 501 High Street

General Information

Standard status Active
Size 5,454 SF
Property subtype Multi-Family / Multi-Family

Additional Details

Gross Income $36,900

Amenities

Partial, Full, Yes
Vinyl, Wood, Brick

Building Details

Year Built 1874
Tenancy Multi
Listing Agency: Real Broker Milwaukee
Listed By: James K Marquardt · License #81689-94
Source: Compass
Added: Mar 12 Changed: Aug 29 Last Checked: Aug 29 at 7:04PM

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 Real Broker Milwaukee

Investment Insights

Based on property information with market context.

This mixed-use building contains 5,454 square feet, with three occupied apartments and a vacant commercial storefront. The residential component includes one 3BR apartment, one 2BR apartment, and one 1BR apartment, providing a varied unit mix within the property.

Located at 501 High Street in Racine, Wisconsin, the building was constructed in 1874. The vacant storefront offers space for a separate commercial use, while the existing apartments remain occupied.

Key Highlights

  • 5,454‑square‑foot mixed‑use building
  • Three occupied apartments currently in place
  • Residential unit mix includes 3BR, 2BR, and 1BR apartments

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Gym & Fitness Center (Bike/Boat/Book/etc) Store Accounting Firm Carpet & Flooring Store Skin Care Clinic Spa & Massage Center

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

495
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three occupied apartments accompany a vacant commercial space in this Racine property.
Where is this mixed-use property located?
The property is located at 501 High Street Racine, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 5,454‑square‑foot mixed‑use building; Three occupied apartments currently in place; Residential unit mix includes 3BR, 2BR, and 1BR apartments
More about this property
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