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Property profile & analytics
FOR SALE
Bars & Pubs

1144 S Memorial Dr Racine, WI 53403

1,351 SF 0.07 ac lot Built 1925
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US92-0146756
Property summary
AI-generated overview

This exceptional commercial property, located at 1144 S Memorial Drive in Racine, Wisconsin, presents a compelling investment opportunity. Boasting 1,351 square feet of space situated on a 0.07-acre lot, this property offers significant potential for a variety of commercial ventures. Its prime location in Racine provides excellent visibility and accessibility, making it an ideal spot for a thriving business. The asking price of $55,000 represents a highly competitive entry point into the Racine commercial real estate market. The property's existing structure provides a solid foundation for immediate occupancy or renovation, allowing for customization to suit specific business needs. This versatile space is well-suited for a range of commercial uses, offering entrepreneurs and investors alike the chance to establish a successful enterprise in a dynamic and growing community. The 0.07-acre lot provides ample space for potential expansion or outdoor activities related to the business. Don't miss this chance to acquire a piece of Racine's vibrant commercial landscape and capitalize on the numerous opportunities this property presents. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1925
Total area 1,351 SF
Lot 0.07 ac (3,049 SF)
Zoning code B2
APN 276 000009825001
UPID US92-0146756
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Urban Stylez 262 Clothing Store
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mu Hammad Saleem · 1 yrs held
Mu Hammad Saleem
since 2025
Last sale
$45,000
3 recorded transactions
2025
$45,000
2025
Price N/A
2004
Price N/A
Zoning & alternative use
B2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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