1012 Main St - Specialty FOR SALE


Racine, WI 53403- Downtown Racine
$1,200,000 USD
414-249-2310
1012 Main St, Racine, WI for Sale
$1,200,000 USD
Specialty - FOR SALE
1/8
null | Request Cap Rate

1012 Main St
Racine, WI 53403
Downtown Racine


HIGHLIGHTS

  • Opportunity to Completely Reimagine the Property in Downtown Racine
  • Extremely Low Basis with Potential for Local, State & National Tax Incentives
  • Flexible Floor Plates for Multi-family Conversion and/or an Event Venue
  • Located on the main commercial corridor of Racine
  • Excellent Views of Lake Michigan
  • Less than 10 miles to Interstate 94, 20 minutes to Kenosha, 38 minutes to Milwaukee

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1856

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,837 SF

ZONING

RO

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andy HessFounders 3 Real Estate ServicesMore Info
414-249-2310

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Andy HessFounders 3 Real Estate ServicesMore Info
414-249-2310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.