501 6th St

Investment Highlights

Executive Summary

Established restaurant & bar for sale. Currently rented. All equipment stays with property. TV's & furniture belong to leasee. Full newly remodeled kitchen. New roof on back 1/3 of building. 1 bedroom apartment on upper level has long term tenant. 2nd apartment is gutted and ready to be completed. Outside of building needs attention, however, 2 fa?ade grants from City of Racine available to complete. Join all the great activities of being downtown Racine.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Bar Bar General Retail Storefront Retail/Residential Bar
• Building Size    5,200
• Building Class    C
• Year Built/Renovated    1892/2022
• Price    424,900
• Price Per SF    82
• Percent Leased    100
• Building Height    2 Stories
• Building FAR    1.91
• Land Acres    0.06 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Restaurant
• Air Conditioning