Property profile

910 6th St Racine, WI 53403

OFF-MARKET
Investment properties
Property ID
US92-1219542
2,640 SF 0.21 ac lot Built 1870
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional property presents a unique investment opportunity in the heart of Downtown Racine, Wisconsin. Located at 910 6th Street, directly across from City Hall, this prime location boasts high visibility and foot traffic. The property encompasses a thriving, freshly updated tavern and a spacious, one-bedroom, one-bathroom apartment situated above. The tavern is currently operating and self-managed, making it an ideal acquisition for an owner-operator seeking immediate income generation or for an investor looking for a strong return. The apartment, currently utilized as a successful Airbnb, is move-in ready and features modern appliances, attractive hardwood floors, convenient in-unit laundry facilities, and a generously sized living area. The apartment's private entrance offers the added benefit of a potential owner's suite, providing the convenience of living directly above the business. The building sits on a 0.21-acre lot and offers a total of 2,414 square feet of space. This combined commercial and residential property offers a rare chance to own a profitable business and a desirable apartment in a vibrant, high-demand area of Racine, enjoying excellent city views. The asking price is $335,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1870
Total area 2,640 SF
Lot 0.21 ac (9,365 SF)
Zoning code I2
APN 276 000003538000
UPID US92-1219542

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nightclub Bar & Pub
  • Bar & Pub

Location

910 6th St Racine, WI 53403-1126
Racine metro Census 2900 RACINE, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
Last sale
$240,000
7 recorded transactions
2024
Price N/A
2024
$240,000
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I2 · Racine, WI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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