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Property profile & analytics

2421 Geneva St Racine, WI 53402-4317

  • Investment properties
  • 6,039 SF
  • 0.18 lot acres
OFF-MARKET
Last Sale
Feb 02, 2025
$435,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US92-0156882
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

  • LIT LLC / (Bike/Boat/Book/etc) Store / Pet Store

Property Details for 2421 Geneva St

Year built
1930
Lot size
0.18 lot acres
Property size
6,039 SF
Zone code
B1
Property type
Investment properties
Property subtype
Live-work space
APN
276 000018078001
APU
276000018078001

Description

This exceptional investment opportunity in Racine, Wisconsin presents a remarkable chance to acquire a thriving commercial property at 2421 Geneva Street. The building boasts 6,039 square feet situated on a 0.18-acre lot. The property comprises three fully occupied commercial storefronts, generating immediate rental income, and four one-bedroom apartments, also fully occupied. Current rental rates are below market value, presenting a significant opportunity to increase profitability. The building's brick exterior requires minimal maintenance, and the roof was recently replaced within the last five years, ensuring long-term cost savings. Heating is provided by a boiler system, and a newer water heater is in place. Each apartment features attractive hardwood floors and includes appliances. Further enhancing the property's income potential is a coin-operated laundry facility located in the basement. Initial viewings will focus on the three commercial units and one apartment, with subsequent viewings showcasing the remaining three rental units. This property offers a blend of commercial and residential income streams, making it an ideal investment for those seeking a strong return on investment. The property's excellent location on the north side of Racine adds to its appeal.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Racine
County
Racine
State
Wisconsin
Longitude
-87.7941
Latitude
42.7512
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
$8,459
$27,900
$259,100
$287,000
-
$30,899
$286,951
$317,850
More about this property
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