501 6th St 5,200 SF 100% Leased Retail Building Racine, WI 53403 $419,900 ($80.75/SF)
INVESTMENT HIGHLIGHTS
- 6th Street restaurant & bar with 2 apartments or use upstairs for private parties
EXECUTIVE SUMMARY
Established restaurant & bar for sale. Currently rented. All equipment stays with property. TV's & furniture belong to leasee. Full newly remodeled kitchen. New roof on back 1/3 of building. 1 bedroom apartment on upper level has long term tenant. 2nd apartment is gutted and ready to be completed. Outside of building needs attention, however, 2 façade grants from City of Racine available to complete. Join all the great activities of being downtown Racine.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built/Renovated
1892/2022
Price
$419,900
Price Per SF
$80.75
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
B4
AMENITIES
- Restaurant
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $434,900 | |
| Land Assessment | $41,100 | Total Assessment | $476,000 |
