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    Property profile & analytics

    702 High St Racine, WI 53402-4845

    • Retail space
    • 3,037 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US92-0074183
    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

    • Retail space

    Property Details for 702 High St

    Year built
    1900
    Lot size
    0.13 lot acres
    Property size
    3,037 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    276 000004345000
    APU
    276000004345000

    Description

    This exceptional 3,300 square foot mixed-use property located at 702 High Street in Racine, Wisconsin presents a unique investment opportunity. Situated on a 0.13-acre lot, the building boasts a spacious commercial storefront ideal for a variety of uses, including retail, office space, or a creative workspace. The possibilities are truly endless for entrepreneurs seeking a vibrant location to establish their business. Adding to the property's appeal are two sizable residential units located behind the storefront. These units offer significant potential for rental income, providing a substantial return on investment, or could be used as personal living space. The property also includes ample storage space in the basement, a valuable asset for any business or resident. Convenient on-site parking is ensured with a private driveway. While the property would benefit from some cosmetic updates and improvements, the substantial potential for profit and the prime location make this a compelling opportunity for a discerning investor seeking a high-return property in a desirable Wisconsin location. The asking price is $179,900. This is a rare chance to acquire a versatile property with both commercial and residential components in a thriving community. Don't miss out on this chance to own a piece of Racine's vibrant commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $295,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $320,000
      Mixed-Use
      $280,000
      Hospitality
      $280,000
      Educational
      $310,000
      Residential Income
      $305,000
      Energy
      $290,000
      Income-Based Land
      $320,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7888
    Latitude
    42.7426
    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
    $3,509
    $15,400
    $85,600
    $101,000
    -
    $17,055
    $94,801
    $111,856

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      409 English St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      409 English St, Racine, WI 53402-4707
      View Details
    • Value Estimation by Request
      11,832 SF

      3841-3845 Douglas Ave

      Neighborhood centers • 11,832 SF
      3841-3845 Douglas Ave, Racine, WI 53402
      View Details
    • Value Estimation by Request
      5.10 Acres

      Frontage Rd

      Individual retail properties • 5.10 Acres
      0 Frontage Rd, Racine, WI 53402
      View Details
    • Value Estimation
      $280,000
      3,161 SF

      1238 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,161 SF
      1238 Main St, Racine, WI 53402-4964
      View Details
    • Value Estimation
      $125,000
      2,433 SF

      3115 Douglas Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,433 SF
      3115 Douglas Ave, Racine, WI 53402-3913
      View Details
    • Value Estimation
      $230,000
      2,400 SF

      2345 Douglas Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      2345 Douglas Ave, Racine, WI 53402-4509
      View Details

    Similar Nearby for Sale

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      Racine Auto Shop Redevelopment

      Prime 2-acre Racine auto shop site. High potential.
      3064 Douglas Ave, Racine, WI 53402
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      Spacious Residential Lot in Caledonia

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    Similar Nearby for Lease

    • $15 SF/Yr
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      Shorecrest Shopping Center: Racine, WI

      Prime Racine Retail Space Available Now
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    • Contact for pricing
      78,011 SF

      Greentree Centre: Retail Space Available

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      View Details
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    702 High St
    Racine, WI 53402-4845
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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