$610,000
SOLD APR 3, 2026
-- Bed
-- Bath
18,600 Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: April 3, 2026

$33 Per Sq Ft

24% Below List Price

111 Days on Market

About This Home

As of April 2026

Now offered at a newly reduced price that clearly reflects the building's age and character, this five-story mixed-use property presents a compelling value opportunity at one of Downtown Racine's most prominent corner locations. The updated list price accounts for the building's vintage nature--creating an attractive entry point for investors who recognize the strength of location and income over cosmetic perfection. While the building is older, it offers solid fundamentals and proven performance.

Last Agent to Sell the Property

John Crimmings

First Weber Inc- Racine License #16217-90 Listed on: 11/10/2025

First Weber Inc- Racine

Last Buyer's Agent

Karen Sorenson

RE/MAX Newport License #56787-90

RE/MAX Newport

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,365

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof

Interior Spaces

  • 18,600 Sq Ft Home
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Exclusions: Personal property of tenants.
  • Assessor Parcel Number 00316000

Community Details

Amenities

  • Elevator

Building Details

  • Operating Expense $41,095
  • Gross Income $96,600
  • Net Operating Income $55,505

Property Details

Property Type

Other

Est. Annual Taxes

$11,365

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.08
  • Road Frontage Type: Town/City Road, High Visibility, Paved Road, Near Public Transit
  • Inclusions: Kitchen equipment in first floor restaurant; tables, chairs, stools, TV's and other equipment in first floor restaurant, tables and chairs in 2nd floor banquet room, various office furniture on 3rd floor. A complete list to be given to Buyer within 25 days of acceptance of offer.
  • Directions: Main Street to 6th Street; Southwest corner of Main Street and 6th Street
  • Property Information:Est Total Sq Ft: 18600
  • Special Features: None

Interior Features

  • Has Basement: Full, Brick

Exterior Features

  • Exclusions: Personal property of tenants.
  • Construction Type: Brick
  • Roof: Tar/Gravel

Utilities

  • Green Building Features: Elevator, Rest Rooms
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 3484.8
  • Parcel #: 00316000

Multi Family

  • Annual Gross Income: 96600
  • Property Net Operating Income: 55505
  • Annual Operating Expense: 41095

Tax Info

  • Tax Annual Amount: 11365
  • Tax Year: 2025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2012
Sold by
Racine Badger Building Co
Bought by
Dumont Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Outstanding Balance
$267,655
Interest Rate
3.89%
Mortgage Type
Construction
Estimated Equity
$520,382
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $295,000 Mayfair Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $395,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2026 04/03/26 Sold $610,000 -6.2% $33 / Sq Ft
02/24/2026 02/24/26 Price Changed $650,000 -13.3% $35 / Sq Ft
01/13/2026 01/13/26 Price Changed $750,000 -6.3% $40 / Sq Ft
11/10/2025 11/10/25 For Sale $800,000 -- $43 / Sq Ft
Source: Metro MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,776 $483,000 $29,800 $453,200
2024 $13,695 $483,000 $29,800 $453,200
2023 $14,229 $483,000 $29,800 $453,200
2022 $14,108 $483,000 $29,800 $453,200
2021 $15,598 $483,000 $29,800 $453,200
2020 $15,291 $483,000 $29,800 $453,200
2019 $14,435 $460,000 $29,800 $430,200
2018 $12,876 $400,000 $29,800 $370,200
2017 $13,164 $400,000 $29,800 $370,200
2016 $13,452 $400,000 $29,800 $370,200
2015 $12,921 $400,000 $29,800 $370,200
2014 $12,921 $400,000 $29,800 $370,200
2013 $12,921 $400,000 $29,800 $370,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1942435

Metro MLS

APN: 276-000000316000

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