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    Property profile & analytics

    1144 Memorial Dr Racine, WI 53403

    • Bars
    • 1,351 SF
    • 0.07 lot acres
    For Sale
    View listing
    $55,000
    Value Estimation
    Location Intelligence
    Property ID
    US92-0146756
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Urban Stylez 262 / Clothing Store

    Property Details for 1144 Memorial Dr

    Year built
    1925
    Lot size
    0.07 lot acres
    Property size
    1,351 SF
    Zone code
    B2
    Property type
    Bars
    Property subtype
    Pubs
    APN
    276 000009825001
    APU
    276000009825001

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $315,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $290,000
      Mixed-Use
      $315,000
      Hospitality
      $325,000
      Educational
      $325,000
      Residential Income
      $295,000
      Energy
      $285,000
      Income-Based Land
      $250,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.799
    Latitude
    42.7187
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,585
    $4,700
    $66,300
    $71,000
    -
    $5,205
    $73,426
    $78,631

    Comparable in this City

    • Value Estimation by Request
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      0.21 Acres

      2041 Racine St

      BAR, TAVERN • 0.21 Acres
      2041 Racine St, Racine, WI 53403
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    • Value Estimation
      $270,000
      6,163 SF

      1501 Washington Ave

      BAR, TAVERN • 6,163 SF
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    • Value Estimation by Request
      1,590 SF

      1700 Racine St

      BAR, TAVERN • 1,590 SF
      1700 Racine St, Racine, WI 53403-2527
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    Racine, WI 53403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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