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Property profile & analytics

240 Main St Racine, WI 53403-1028

  • Investment properties
  • 16,280 SF
  • 0.16 lot acres
OFF-MARKET
Value Estimations
$645,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US92-0089947
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

  • 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

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $781,000
    Market price range: $446k - $1.41M
    AI Estimate
    $787,000
    Market price range: $522k - $1.38M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $930,000
    Current use
    RETAIL STORES
    $875,000
    Change: -6% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


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

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
$18,967
$50,800
$613,200
$664,000
-
$56,260
$679,115
$735,375
More about this property
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