Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Specialty Food Shop Wine and Liquor Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B4 · Racine, WIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B4 in Racine, WI.
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Find the owner behind the property.
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