Date
Details
Price
Change
Source
9/14/2026
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Exceptional mixed-use investment opportunity in Downtown Burlington! Fully gutted, renovated and repurposed in 2021 with extensive updates including roof, exterior, mechanicals and interiors. Property features 2 commercial suites with tenants recently signing new 3-year leases, plus an established, fully furnished Airbnb operation consisting of 4 units: three 2BR/1BA units and one studio. All Airbnb furnishings included in the sale for a turnkey opportunity. Seller reports total property NOI of approximately $185,000-$200,000 annually, with additional value-add and revenue growth potential. Strong diversified income stream with major capital improvements already completed.
Full Property Details
Full Property Details for 256 E Chestnut St
General
- Price: $1,750,000
- Taxes: $7,637 (2025)
- Status: Active
- Type: Retail
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1980528
- Updated: 9/14/2026
- Added to Site: 2 day(s) ago
Additional Information
- Other Features: Freight Elevator, Restrooms, Security Equipment, Sprinkler System
Location
- Municipality: City
- County: Racine
- Driving Directions: Corner of Chestnut and Dodge St
- Dist. to Freeway: Less than 1 Mile
- Location Details: Freestanding
Heating & Cooling
- Heating/Cooling: Natural Gas
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Structure Type: Other, Retail
- Exterior Const.: Brick
- Basement Desc.: Full
- Roof: Rubber
- Ceiling Height: 11 to 15 Feet, 8 to 10 Feet
- Drive-In Clearance: No Truck Door
- Stories Description: 2
- Square Feet: 8,000
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1
- Frontage: Town/City Road
- Zoning: B-2
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $7,637
- Tax Year: 2025
Listed by Great Lakes Real Estate Svs
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Schools
Schools serving 256 E Chestnut St
School District:Burlington Area School District
| Name | Grades | Distance |
|---|---|---|
Waller Elementary School 195 Gardner Avenue, Burlington, WI 53105 | PK-4 | 0.8 mi |
Nettie E Karcher School 300 Wainwright Avenue, Burlington, WI 53105 | 7-8 | 0.7 mi |
Burlington High School 400 McCanna Parkway, Burlington, WI 53105 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 256 E Chestnut St
Tax History
Tax History for 256 E Chestnut St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,637
-32%
$506,500
-35%
2024
$11,221
179%
$778,100
184%
2023
$4,025
-11%
$273,900
4%
2022
$4,539
-4%
$264,400
17%
2021
$4,737
-5%
$226,200
—
2020
$4,975
-12%
$226,200
—
2019
$5,678
7%
$226,200
—
2018
$5,291
-7%
$226,200
—
2017
$5,659
1%
$226,200
—
2016
$5,580
-5%
$226,200
—
2015
$5,844
-1%
$226,200
—
2014
$5,875
-5%
$226,200
—
2013
$6,152
—
$226,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 256 E Chestnut St
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- Single Family
- Active
- Updated 22 hours ago
- 2Beds
- 1Total Bath
- 1,260Sq. Ft.
Listed by Vanessa Houdek (262) 752-8864
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 3,624Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 6Beds
- 6Total Baths
- 4,849Sq. Ft.
Listed by Nicholls/Kindberg Group (414) 588-4356
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 2,000Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 2,400Sq. Ft.
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256 E Chestnut St, Burlington, WI 53105 (MLS# 1980528) is a Retail property. 256 E Chestnut St is currently listed for $1,750,000 and was received on September 14, 2026. Want to learn more about 256 E Chestnut St? Do you have questions about finding other Retail real estate for sale in Burlington? You can browse all Burlington real estate or contact a Coldwell Banker agent to request more information.