Mixed-Use Building with Four
For Sale
$699,000
507-505 6th Street, Racine, WI 53403
Street-level commercial suites support a four-unit residential component above, creating a combined retail and apartment configuration.
Property SizeContact for details
Days on Market9
Property Features for 507-505 6th Street
General Information
Standard status
Active
Occupancy
100%
Units
Unit Mix
2 x 2BR, 1 x 1BR, 1 x Studio
Multifamily Units
4
Additional Details
Gross Income
$85,560
Taxes and HOA fees
Annual Taxes
$16,619
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
Listed By:
Nanette Behrens · License #5091390
(414) 688-6772
Source:
Exprealty
Added: Aug 27
Changed: Sep 3
Last Checked: Sep 4 at 10:01AM
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 mixed-use building combines commercial space at street level with four residential apartments on the upper floors. The apartment mix includes two two-bedroom units, one one-bedroom unit, and one studio. The commercial frontage extends between 6th Street and 7th Street, while the residential component is fully occupied.
Property 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 for both 7th Street apartments. Each first-floor commercial unit received new electrical circuit breakers in 2007. The 507 commercial space received new three-phase electrical service in 2015 and a furnace in 2024. Exterior wood was replaced and the building was fully painted in 2025.
Property 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 for both 7th Street apartments. Each first-floor commercial unit received new electrical circuit breakers in 2007. The 507 commercial space received new three-phase electrical service in 2015 and a furnace in 2024. Exterior wood was replaced and the building was fully painted in 2025.
Key Highlights
- Four upper residential units: two 2‑bedrooms, one 1‑bedroom, and one studio
- Street‑level commercial spaces extend from 6th Street to 7th Street
- Fully occupied building with commercial and residential components
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial suites support a four-unit residential component above, creating a combined retail and apartment configuration.
Where is this mixed-use property located?
The property is located at 507-505 6th Street 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: Four upper residential units: two 2‑bedrooms, one 1‑bedroom, and one studio; Street‑level commercial spaces extend from 6th Street to 7th Street; Fully occupied building with commercial and residential components
