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Listed by Only Real Estate Group
$ 178,000
Est. payment /mo
Price Dropped by $1K
1201 Dr Martin Luther King DRIVE Racine, WI 53404
1,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $148
Municipality RACINE
MLS Listing ID 1908142
Year Built 1936
Annual Tax Amount $3,486
Tax Year 2024
Lot Size 2,613 Sqft
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
Garage Spaces 2.0
Parking On Site 2
Roof Type Tar/Gravel
Building
Story 2
Sewer Municipal Sewer, Municipal Water
Structure Type Aluminum/Steel,Aluminum,Brick,Brick/Stone,Vinyl
New Construction N
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