1201 Dr Martin Luther King DRIVE Active Save Request In-Person Tour Request Virtual Tour
Racine,WI 53404
Key Details
Property Type Commercial
Sub Type Retail,Grocery,Restaurant/Supper Club
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $149
MLS Listing ID 1908142
Year Built 1936
Annual Tax Amount $3,486
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Retail,Grocery,Restaurant/Supper Club
Property Description
1201 Dr. MLK Drive is a prime investment property featuring a storefront on the ground level with a recently updated upper apartment. Both units are currently rented, making it a great income-generating property. Located in an up-and-coming area, this property benefits from being part of the Racine City King Project, which is a revitalization effort in the area. It is strategically situated near the $73 million new construction of the Dr. Martin Luther King Center, signaling significant future development and growth. This location offers excellent potential for long-term appreciation, making it an attractive investment and rental opportunity.
Location
State WI
County Racine
Zoning Commercial
Rooms
Basement Block,Brick,Full,Poured Concrete,Walk Out/Outer Door
Interior
Heating Electric,Natural Gas
Cooling Central Air,Forced Air
Exterior
Exterior Feature Aluminum/Steel,Aluminum,Brick,Brick/Stone,Vinyl
Garage Spaces 2.0
Parking On Site 2
Roof Type Tar/Gravel
Building
Sewer Municipal Sewer,Municipal Water
New Construction N