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305 Main St Racine, WI 53403

OFF-MARKET Commercial real estate Google Maps
1,100 SF 0.2 ac lot Built 1952
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1,100-square-foot retail space is ideally situated in the heart of downtown Racine, Wisconsin, at 305 Main Street. Boasting a highly visible location, this property offers significant advantages for businesses seeking a prominent presence. The space features large display windows, tall ceilings, and a concrete floor, providing a versatile canvas for any retail concept. An ADA-compliant restroom is included for customer convenience. The property benefits from a recently installed high-efficiency furnace and central air conditioning, ensuring year-round comfort and energy efficiency. Ample parking is readily available in the parking garage located at the rear of the building, addressing a key concern for both customers and employees. The monthly rent is $1,250, and the tenant is responsible for gas, electric, sewer, water, and real estate taxes associated with the space. This property sits on a 0.2-acre lot and presents a fantastic opportunity to establish or expand a business within the vibrant and growing downtown Racine business community. The property's prime location and attractive features make it an exceptional investment for discerning entrepreneurs. This is a chance to become part of the bustling downtown Racine scene.

Property profile

Verified
Property type Commercial real estate
Year built 1952
Total area 1,100 SF
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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