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Financial
Distress signals
Property profile

1521 Washington Ave Racine, WI 53403

FOR SALE
Turn key restaurants
Property ID
US92-1321365
9,594 SF 0.17 ac lot Built 1927
Last sale Mar 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1521 Washington Ave, Racine, WI 53403 For Sale
$349,900 9,594 SF
1521 Washington Ave, Racine, WI 53403
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Property summary

AI-generated overview

The property is configured as a food and beverage facility with a fully equipped restaurant and bar on the main level, with three residential apartments located upstairs. The building includes Apartment Units 1, 2, and 3; Units 1 and 2 have historically been used as rental residences, while Unit 3 has also been operated as a rental unit in the past. The property supports mixed-use operations combining commercial dining space with upper-level residential units, and it has been presented as suitable for sale or lease.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$362k
Assessed land$22k
Assessed improvement$340k
Effective rate3.59%

Value estimate

· Oct 2026
$295k
$266k – $325k
AI approach$295k
NOI build-up
Gross scheduled income$173k
Vacancy & credit loss−$7k
Operating expenses−$75k
NOI · 26.06% cap applied$91k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$170/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$68 – $276

Cap rate analysis

How does the asset earn?
26.06%
$91k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency40.7
Dental Office30.1
Spa & Massage24.3

Location

1521 Washington Ave Racine, WI 53403
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1950 Taylor, Racine, WI 53403-2412 $550,000 Jun 2025 12,502 SF
1007 Washington, Racine, WI 53403-1761 $300,000 Jan 2024 7,384 SF
1409 Washington, Racine, WI 53403-2254 $140,000 Aug 2023 7,385 SF
434 Main, Racine, WI 53403-1031 $70,000 Jun 2023 6,360 SF
520 Main, Racine, WI 53403 $258,000 May 2023 5,600 SF
408 Main, Racine, WI 53403-1031 $350,000 Mar 2023 5,901 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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