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$429,900 -$10,100 (-2.3%) Price Reduced

  • For Sale
  • Active
  • Retail
  • 5,728 Sq. Ft.
  • Updated 5 days ago
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Beautiful and unique 3 story commercial property located in the heart of historic downtown Racine. This wonderful building has a store front that can be converted into 2 separate units. currently rented out to a cake shop.There are 2 loft apartments on top 1 with a 1 bedroom and 2 bathrooms with a balcony the other is a 3 bedroom 1 bathroom. This building is one of a few left that has an Arcade cube display in the front is has been restored to its original beauty. There is even a private courtyard in the back that could be used to host a get together or have a private event. Fully rented out ready to add this lovely beauty to your portfolio today.

Full Property Details for 514 College Ave

General

  • Price: $429,900
  • Taxes: $5,222 (2023)
  • Status: Active
  • Type: Retail
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1921853
  • Updated: 3/9/2026
  • Added to Site: 275 day(s) ago

Additional Information

  • Other Features: Display Window, Handicap Access, Living Space Available

Location

  • Municipality: City
  • County: Racine
  • Driving Directions: Take Main St North to 6th St turn right on College Ave property will be on the left side
  • Dist. to Freeway: 3 to 5 Miles
  • Location Details: Business District, Near Public Transit, Other

Heating & Cooling

  • Heating/Cooling: Natural Gas, Other

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Structure Type: Office(s), Other, Retail
  • Exterior Const.: Brick, Other, Stucco
  • Basement Desc.: Block, Full
  • Roof: Other, Rubber, Tar/Gravel
  • Ceiling Height: 8 to 10 Feet
  • Drive-In Clearance: No Truck Door
  • Stories Description: 3
  • Square Feet: 5,728
  • Year Built: 1912

Lot Features

  • Lot Size (Acres): 0.08
  • Frontage: High Visibility, Near Public Transit, Paved Lot, Town/City Road
  • Zoning: B2

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $5,222.68
  • Tax Year: 2023

Listed by Realty ONE Group Boardwalk

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— 514 College Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 514 College Ave

School District:Racine School District
NameGradesDistance
Johnson Elementary School, Racine, WI
2420 Kentucky Street, Racine, WI 53405
K-52.9 mi
Case High School
7345 Washington Ave, Racine, WI 53406
9-124.5 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 514 College Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/09/2026
Price Reduced
$429,900
-2.3%
MLS
6/12/2025
Listed
$440,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 514 College Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,882
32%
$175,000
—
2023
$5,223
5%
$175,000
5%
2022
$4,951
-9%
$167,000
—
2021
$5,463
2%
$167,000
—
2020
$5,359
5%
$167,000
5%
2019
$5,085
-7%
$159,000
14%
2018
$5,481
-1%
$140,000
—
2017
$5,564
6%
$140,000
8%
2016
$5,227
2%
$130,000
—
2015
$5,126
3%
$130,000
—
2014
$4,971
2%
$130,000
—
2013
$4,892
—
$130,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Realty ONE Group Boardwalk

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514 College Ave, Racine, WI 53403 (MLS# 1921853) is a Retail property. 514 College Ave is currently listed for $429,900 and was received on June 12, 2025. Want to learn more about 514 College Ave? Do you have questions about finding other Retail real estate for sale in Racine? You can browse all Racine real estate or contact a Coldwell Banker agent to request more information.

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