1121 Lake Ave Racine, WI 53403
- Commercial real estate
- 8,942 SF
- 0.95 lot acres
Current Use by Public Records
- The Anchor / Event Venue
- Lochnaiar Inn / Event Venue
Property Details for 1121 Lake Ave
- Year built
- 1915
- Lot size
- 0.95 lot acres
- Property size
- 8,942 SF
- Property type
- Commercial real estate
Description
This exceptional 8,942 square foot, three-story English Tudor building presents a unique investment opportunity. Situated on a nearly one-acre bluff-side lot in Racine, Wisconsin, the property boasts breathtaking panoramic views of Lake Michigan. Originally constructed by a prominent Scottish immigrant businessman, this meticulously maintained building has undergone tasteful renovations, blending its historic charm with modern amenities. The property features seven private suites, each with its own full bathroom, along with two fully equipped kitchens. Six fireplaces add to the ambiance, while ample outdoor space provides ideal settings for entertaining. The interior showcases exquisite woodwork and tile work, characteristic of its era. A fully finished lower level offers two additional bedrooms, a full bathroom, and a living area. The extensive parking includes a two-car garage and a dedicated parking lot. This versatile property has a proven track record as a successful Airbnb and event venue, including weddings, and also presents significant potential as a prestigious office space. The location, size, and unique features make this a truly remarkable commercial property. Priced at $1,250,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Racine
- County
- RACINE
- State
- Wisconsin
- Longitude
- -87.78117
- Latitude
- 42.71961
