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Mixed-Use Building with Retail
For Sale
$699,000

505 6th St, Racine, WI 53403

Fully occupied property combines street-level commercial space with four upper-floor residential units.

Property Size9,280 SF
Price / SF$75.32
Days on Market9

Property Features for 505 6th St

General Information

Standard status Active
Size 9,280 SF
Property subtype Commercial
Occupancy 100%

Building Details

Year Built 1905
Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices Metro Realty
Listed By: Nanette Behrens · License #5091390
Source: Homesinwisconsin
Added: Aug 24 Changed: Aug 31 Last Checked: Aug 31 at 5:32PM

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 Berkshire Hathaway HomeServices Metro Realty

Investment Insights

Based on property information with market context.

This 9,280-square-foot mixed-use building, constructed in 1905, includes commercial space at street level and four residential units above. The commercial area extends between 6th Street and 7th Street, while the residential mix comprises two two-bedroom units, one one-bedroom unit, and one studio. The property is fully occupied.

Capital improvements include a roof replacement over the 7th Street units in 2007, a rescue platform added on 7th Street in 2006, and new furnace and AC installations in 2011. Electrical circuit breakers were updated at each first-floor commercial unit in 2007. The commercial space at 507 received three-phase electrical service in 2015 and a new furnace in 2024. Exterior wood replacement and full exterior painting were completed in 2025.

Key Highlights

  • 9,280‑square‑foot mixed‑use building constructed in 1905
  • Fully occupied with street‑level commercial space and four upper residential units
  • Residential mix includes 2 two‑bedroom units, 1 one‑bedroom unit, and 1 studio

Property Analytics

Current Use

Playspace Party & Play ... Family Recreation Center

Suggested Use

Top Pick Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Furniture & Home Goods Electrical Service Acupuncture

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,328
Businesses Nearby

Demographics for 53403, WI

26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
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 - Fully occupied property combines street-level commercial space with four upper-floor residential units.
Where is this mixed-use property located?
The property is located at 505 6th St Racine, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 9,280‑square‑foot mixed‑use building constructed in 1905; Fully occupied with street‑level commercial space and four upper residential units; Residential mix includes 2 two‑bedroom units, 1 one‑bedroom unit, and 1 studio
More about this property
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