Property profile

1318 Main St Racine, WI 53402

FOR SALE
Retail space
Property ID
US92-0090971
3,383 SF 0.26 ac lot Built 1983
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 800-square-foot commercial property located at 1318 N Main STREET, Racine, WI, presents a unique opportunity for a small business seeking a versatile space. The main office area features ample natural light from numerous windows and skylights, complemented by comfortable carpeting. This space is perfect for businesses that don't require high foot traffic. In addition to the finished office space, a separate cold storage area is available, offering approximately 800 square feet of space with built-in shelving and double entrance doors for easy access and loading. This cold storage area is ideal for inventory or temperature-sensitive goods. The property sits on a 0.27-acre lot. The asking rent is $900 per month for the finished office space and $500 per month for the secured cold storage area. Utilities, including gas, electric, sewer, and water, are the responsibility of the tenant. This property is zoned for general commercial use and offers a cost-effective solution for businesses seeking a well-maintained and functional space in a convenient Racine location. The combination of office and cold storage makes this an exceptional opportunity for a variety of businesses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Total area 3,383 SF
Lot 0.26 ac (11,500 SF)
Zoning code B2
APN 276 000002371000
UPID US92-0090971

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
  • Data Center IT Consulting Firm
  • Party Supply Store Rental Equipment Company

Location

1318 Main St Racine, WI 53402
Racine metro Census 400 RACINE, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2017
$249,900
2006
Price N/A
2005
$180,000
1969
Price N/A

Zoning & alternative use

B2 · Racine, WI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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