910 6Th StRacine, WI 53403

Property Details for 910 6Th St

Year built

1870

Lot size

0.21 AC

Property size (Sq ft)

2,640 SF

Zone code

I2

Property type

Investment properties

Property subtype

Live-work space

APN

276 000003538000

APU

276000003538000

Description

This exceptional property presents a unique investment opportunity in the heart of Downtown Racine, Wisconsin. Located at 910 6th Street, directly across from City Hall, this prime location boasts high visibility and foot traffic. The property encompasses a thriving, freshly updated tavern and a spacious, one-bedroom, one-bathroom apartment situated above. The tavern is currently operating and self-managed, making it an ideal acquisition for an owner-operator seeking immediate income generation or for an investor looking for a strong return. The apartment, currently utilized as a successful Airbnb, is move-in ready and features modern appliances, attractive hardwood floors, convenient in-unit laundry facilities, and a generously sized living area. The apartment's private entrance offers the added benefit of a potential owner's suite, providing the convenience of living directly above the business. The building sits on a 0.21-acre lot and offers a total of 2,414 square feet of space. This combined commercial and residential property offers a rare chance to own a profitable business and a desirable apartment in a vibrant, high-demand area of Racine, enjoying excellent city views. The asking price is $335,000.

• CAP approach

  CAP return

  Valuation

  6%

  $476,683

  6.5%

  $440,015

  7%

  $408,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,021

  Geo Method

  $343,860

• Alternative Use

  Use

  Valuation

  Residential

  $545,619

  Hospitality

  $499,784

  Educational

  $415,815

  Medical

  $430,115

  Retail

  $646,823

Location Insight

City

Racine

County

Racine

State

Wisconsin

Latitude

42.7262

Longitude

-87.7911

CBSA code

39540

CBSA name

RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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