1722 W 6th St - Schools FOR SALE


Racine, WI 53404- Mount Pleasant
$975,000 USD
414-350-5207
1722 W 6th St, Racine, WI for Sale
$975,000 USD
Schools - FOR SALE
1/4
null | Request Cap Rate

1722 W 6th St
Racine, WI 53404
Mount Pleasant


HIGHLIGHTS

  • Nestled in the crook of the Root River, this former school on W. Sixth Street is located close to schools and community services.
  • This property is a favorable option for adaptive re-use.
  • The property is located within the West Racine Neighborhood Revitalization Plan area, further strengthened by the RootWorks Area-Wide Plan.
  • The site benefits from direct access via 6th Street to Racine’s emerging Downtown redevelopment zone.
  • Located in an area with a population of approximately 12,400 residents, a median age of 28.6 years, an estimated unemployment rate of 3-4%.

OVERVIEW

Redevelopment Opportunity – For Sale Located at 1722 W. Sixth Street, Racine, WI 53404, this former school building offers ±47,480 SF across 2–3 stories on a 2.389-acre lot. Originally built in 1899 with an addition in 1962, the property features ample parking and is zoned R-3 Single Family Residence, presenting a unique opportunity for redevelopment. Nestled in the crook of the Root River, the site is strategically positioned near schools and community services, making it ideal for redevelopment. It lies within the West Racine Neighborhood Revitalization Plan area and benefits from proximity to Racine’s emerging Downtown redevelopment zone via direct access on Sixth Street. The surrounding neighborhood includes approximately 12,400 residents, a median age of 28.6 years, an estimated unemployment rate of 3–4%, and a homeownership rate of 46%. Property Highlights: Total Building SF: ±47,480 SF Available SF: ±47,480 SF Lot Size: 2.389 AC Parcel #: 276-00-00-06-839-000 Sale Price: $975,000 Taxes (2024): Tax Exempt This property offers a compelling redevelopment opportunity in a growing community with strong revitalization initiatives.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,654 SF

ZONING

R-3

APN/PARCEL ID

276-000006839000

ASK ABOUT THIS PROPERTY

Jack PriceCushman Wakefield, The Boerke CompanyMore Info
414-350-5207

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Jack PriceCushman Wakefield, The Boerke CompanyMore Info
414-350-5207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.