1012 Main St Racine, WI 53403

This exceptional redevelopment opportunity presents a unique chance to acquire 1012 Main Street in downtown Racine, Wisconsin. The property encompasses a remarkable 43,510 square feet situated on a 1.12-acre lot and includes two historic structures: a three-story Italianate mansion built in 1856 and a Masonic Temple addition constructed in 1922. The property, currently vacant, offers flexible floor plates suitable for various uses, including multi-family conversion or an event venue. The asking price is $1,200,000 ($40.22/sq ft). The existing building boasts elegant rooms, spacious halls, a ballroom, and a theater, previously used for tours, weddings, receptions, and corporate events. On-site parking accommodates up to 46 vehicles. This prime location on Racine's main commercial corridor provides excellent views of Lake Michigan and is conveniently located less than 10 miles from Interstate 94, 20 minutes from Kenosha, and 38 minutes from Milwaukee. The property is zoned RO - Restricted Office District and features numerous potential tax incentives at the local, state, and national levels. The property's rich history and versatile layout make it an ideal investment for those seeking a high-impact project in a vibrant downtown setting. The APN is 276-00-00-00-589-000.