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1028 State St 2,400 SF 50% Leased Retail Building Racine, WI 53404 $157,900 ($65.79/SF)
Investment Highlights
- High Visibility
- One-bedroom Loft Apartment
- Near Racine Transit District
Executive Summary
Completely renovated from top to bottom, this versatile mixed-use property near the Racine Transit Center is perfect for investors or owner-occupants. Every major system is new in 2024 including roof, windows, plumbing, electrical, and high-efficiency HVAC. Upstairs is a 1,200 sqft 1-bedroom industrial loft (potential rent $1,100/mo) featuring soaring ceilings, exposed brick, and original wood floors. Plus, modern kitchen/bath updates, walk-in closet, in-unit laundry, private deck balcony, and includes a dedicated parking space within a fully fenced area. A high-visibility ground floor storefront is ideal for a boutique, studio, or office. It boasts a unique walk-in vault for unmatched security. The ultimate live/work property- this affordable gem is a must-see!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1932
Price
$157,900
Price Per SF
$65.79
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
B3
Parking
1 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
59’ on State St
Amenities
- Bus Line
- Signalized Intersection
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 276-000002846000 | Improvements Assessment | $82,400 |
| Land Assessment | $3,600 | Total Assessment | $86,000 |
Property Taxes
Parcel Number
276-000002846000
Land Assessment
$3,600
Improvements Assessment
$82,400
Total Assessment
$86,000
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1028 State St
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