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Property profile

1121 Lake Ave Racine, WI 53403

OFF-MARKET
Commercial real estate
Property ID
US92-3276275
8,942 SF 0.95 ac lot Built 1915

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1915
Total area 8,942 SF
Lot 0.95 ac (41,382 SF)
UPID US92-3276275

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
  • Hotel & Motel Resort
  • Hotel & Motel Resort

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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