1012 Main St, Racine, WI 53403
70,548 SF Specialty Building Offered at $1,200,000 in Racine, WI 53403
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $1,200,000
- Property Type
-
Specialty
- Square Feet
- 70,548 SF
- Price / Square Foot
- $17
Listing Contacts
Andy Hess
Verified Profile
Derek Yentz
Verified Profile
Cole Wirth
Verified Profile
- Property Info
Property 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.
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.
Property Details
- Class
- C
- Year Built
- 1856
- Stories
- 4
- Lot Size (sq. ft)
- 48,787 SF
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
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