$325,000

3505 Spring St

Racine WI, 53405

Description

Don't miss out on this investment opportunity. Iconic building on Spring Street with restaurant currently as tenant. Well kept building with ample parking and outside seating area. Building has prominent exposure to passing traffic on Spring St. which sees traffic counts of approximately 14,000 vehicles per day. Current lease is good through August 2021. Current lease is $2,500 per month with a bump up each year of additional $250 per month.

Details

MLS#1646998
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site478

Features

SQ Feet1,473
Story(s)1
ZoningB2
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Area Information
StateWI
CountyRacine
CityRacine
Zip Code53405
AreaRacine
Listing VS Median (in 53405)
Price:
$325,000
low | high
Med:
$252,450
72.323076923077% of Average
SqFt:
1,473
low | high
Med:
1,953
17.413441955193% of Average
$ / SqFt:
$221
low | high
Med:
$129
91.402987644421% of Average
On Site:
478
low | high
Med:
39
100% of Average
Listing Updated: 10/27/2020
Colette Broadway LogoMLS Number: 1646998
Listing Provided By:
Colette Broadway  of  First Weber Inc- Racine
Listing data provided by Metro MLS. Copyright 2020, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing