Financial
Distress signals
Property profile

1601 Packard Ave Racine, WI 53403

OFF-MARKET
Retail space
Property ID
US92-0157211
1,104 SF 0.1 ac lot Built 1940
Last sale Feb 2024 · $90,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a 1,100 sq. ft. commercial building with a flexible interior layout suitable for office, retail, or service uses. The space includes two restrooms and has alley access with a zero-step entry designed to support client access and deliveries. It is located on Packard Avenue in Racine, Wisconsin, and includes private on-site parking. The configuration supports a range of potential uses, including office-based businesses and customer or service-oriented activities such as insurance,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$78k
Assessed land$13k
Assessed improvement$65k
Effective rate3.56%

Value estimate

· Sep 2026
$90k
$81k – $99k
AI approach$90k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$26 – $88
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B2
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.3
Dental Office18.8
Spa & Massage12.9

Location

1601 Packard Ave Racine, WI 53403
County assessor Recorded deeds · 11 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1962 Taylor, Racine, WI 53403-2412 $134,900 Sep 2024 2,000 SF
1300 Memorial, Racine, WI 53403-2026 $80,000 May 2024 1,914 SF
1855 Taylor, Racine, WI 53403-2476 $130,000 Apr 2024 1,278 SF
1616 Durand, Racine, WI 53403-3270 $60,000 Jul 2023 476 SF
511 6th, Racine, WI 53403-1117 $260,000 Apr 2023 3,090 SF
3017 Drexel, Racine, WI 53403-3406 $80,000 Jan 2020 1,682 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1601 Packard Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message