1012 Main St 70,548 SF Specialty Building Offered at $1,200,000 in Racine, WI 53403
INVESTMENT HIGHLIGHTS
- Opportunity to Completely Reimagine the Property in Downtown Racine
- Flexible Floor Plates for Multi-family Conversion and/or an Event Venue
- Excellent Views of Lake Michigan
- Extremely Low Basis with Potential for Local, State & National Tax Incentives
- Located on the main commercial corridor of Racine
- Less than 10 miles to Interstate 94, 20 minutes to Kenosha, 38 minutes to Milwaukee
EXECUTIVE SUMMARY
Founders 3 is pleased to present the opportunity to acquire the fee simple interest in 1012 Main Street (“1012 Main” or the “Property”),
a vacant commercial property located in downtown Racine. The Property consists of approximately 43,510 square feet (“SF”) across
four (4) stories and is prominently situated near the main retail corridor with views of Lake Michigan Available for the first time in over 100 years, 1012 Main offers investors the opportunity to acquire and repurpose an architecturally significant asset in a superior downtown location at a low-cost basis.
a vacant commercial property located in downtown Racine. The Property consists of approximately 43,510 square feet (“SF”) across
four (4) stories and is prominently situated near the main retail corridor with views of Lake Michigan Available for the first time in over 100 years, 1012 Main offers investors the opportunity to acquire and repurpose an architecturally significant asset in a superior downtown location at a low-cost basis.
PROPERTY FACTS
| Price | $1,200,000 |
| Price Per SF | $17.01 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 70,548 SF |
| No. Stories | 4 |
| Year Built | 1856 |
| Tenancy | Single |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | RO - Restricted Office District |
| Parcel Number | 276-000000589000 |
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Walk Score®
Very Walkable (75)
