240 Main St Racine, WI 53403-1028
- Investment properties
- 16,280 SF
- 0.16 lot acres
Current Use by Public Records
- TAEJAVU'S ON MAIN / Restaurant
- Uncorkt / Specialty Food Shop / Wine and Liquor Store
Property Details for 240 Main St
- Year built
- 1890
- Lot size
- 0.16 lot acres
- Property size
- 16,280 SF
- Zone code
- B4
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 276 000000080000
- APU
- 276000000080000
Description
This exceptional 2,500 square foot commercial space, located at 240 Main Street in the heart of downtown Racine, Wisconsin, presents a fantastic opportunity for a variety of businesses. Previously operating as a successful restaurant, the property boasts a substantial bar area, ample space for customer seating, and a large, inviting storefront with extensive window frontage, ensuring excellent visibility and natural light. The kitchen area has undergone recent renovations, featuring a brand new floor, durable FRP wall coverings, and freshly painted storage rooms. This turnkey space is ready for immediate occupancy and offers significant potential for customization to suit a wide range of commercial ventures. The property is situated in a vibrant downtown area, providing easy access to local amenities, transportation, and a strong customer base. The absence of an acre lot indicates the property is ideally suited for businesses that don't require extensive outdoor space. The asking price of $2200 suggests a highly competitive rental rate for a property of this size and location in downtown Racine. This is an exceptional opportunity to establish or relocate your business in a thriving commercial district. The flexible layout and recent updates make this space an attractive proposition for entrepreneurs seeking a well-maintained and conveniently located property.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $781,000
- AI Estimate
- $787,000
Market price range: $446k - $1.41MMarket price range: $522k - $1.38M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $930,000 Current use
- RETAIL STORES
- $875,000 Change: -6% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Racine
- County
- Racine
- State
- Wisconsin
- Longitude
- -87.7839
- Latitude
- 42.7309
- CBSA code
- 39540
- CBSA name
- RACINE, WI METROPOLITAN STATISTICAL AREA