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501 6th St

5,200 SF 100% Leased Retail Building Racine, WI 53403 $419,900 ($81/SF)

Retail Space Wisconsin Racine 501 6th St, Racine, WI 53403

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
Property Type
Retail
Property Subtype
Bar
Building Size
5,200 SF
Building Class
C
Year Built/Renovated
1892/2022
Price
$419,900
Price Per SF
$81
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.91
Land Acres
0.06 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B4

Amenities

  • Restaurant
  • Air Conditioning
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 276-000000356000 Improvements Assessment $255,700
Land Assessment $20,300 Total Assessment $276,000

PROPERTY TAXES

Parcel Number
276-000000356000
Land Assessment
$20,300
Improvements Assessment
$255,700
Total Assessment
$276,000
(262) 497-5021

  • Listing ID: 31107347

  • Date on Market: 3/3/2024

  • Last Updated:

  • Address: 501 6th St, Racine, WI 53403

More public record information on 501 6th St, Racine, WI 53403

The Retail Property at 501 6th St, Racine, WI 53403 is currently available For Sale. Contact RE/MAX Newport for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Downtown Racine
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501 6th St
(262) 497-5021 x

501 6th St

Karen Sorenson

(262) 497-5021

(262) 497-5021

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