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1201 Dr Martin Luther King Dr, Racine, WI 53404
$160,000
1201 Dr Martin Luther King Dr, Racine, WI 53404View this property at 1201 Dr Martin Luther King Dr, Racine, WI 53404
1201 Dr Martin Luther King DrRacineWI53404
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Property Description
Fantastic investment opportunity in prime location! Just steps away from the city's multi-million-dollar investments. Adjacent to the new Dr. Martin Luther King Center, recently approved for a new building. This commercial storefront is perfect for a retail store or barbershop. The upper level features a spacious 3-bedroom apartment, currently leased to a reliable tenant until next year. Many upgrades, including a new electric panel and A/C unit. High-visibility storefront ready for your entrepreneurial vision. Act now to make this thriving space yours!
Full Property Details
Full Property Details for 1201 Dr Martin Luther King Dr
General
- Price: $160,000
- Taxes: $1,623 (2023)
- Status: Active
- Type: Retail
- MLS ID: 1842520
- Updated: 5/8/2024
- Added to Site: 309 day(s) ago
Additional Information
- Other Features: Fenced Yard
Location
- Municipality: City
- County: Racine
- Driving Directions: Hwy 32, west on 9th st (left) to Marquette St, north on Marquette, left on Albert, left on King
- Dist. to Freeway: 3 to 5 Miles
- Location Details: Corner, Near Public Transit
Heating & Cooling
- Heating/Cooling: Central Air Conditioning, Electric, Natural Gas
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Structure Type: Retail
- Exterior Const.: Aluminum, Vinyl
- Basement Desc.: Full
- Roof: Composition
- Ceiling Height: 16 to 20 Feet
- Drive-In Clearance: No Truck Door
- Stories Description: 2
- Square Feet: 1,936
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.06
- Frontage: Near Public Transit, Town/City Road
- Zoning: B1
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $1,623.71
- Tax Year: 2023
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Schools
Schools serving 1201 Dr Martin Luther King Dr
School District:Racine Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
930 Dr Martin Luther King Dr, Racine, WI 53404 | PK-5 | 0.2 mi | |
Jerstad-Agerholm Middle School
3601 Lasalle St, Racine, WI 53402 | 6-8 | 2 mi | |
2119 Rapids Dr, Racine, WI 53404 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1201 Dr Martin Luther King Dr
Date
Details
Price
Change
Source
5/08/2024
Price Reduced
$160,000
-5.88%
MLS
4/01/2024
Price Reduced
$170,000
-5.03%
MLS
3/18/2024
Price Reduced
$179,000
-5.79%
MLS
2/19/2024
Price Reduced
$190,000
-4.95%
MLS
1/26/2024
Price Reduced
$199,900
-13.09%
MLS
8/29/2023
Price Reduced
$230,000
-4.13%
MLS
8/01/2023
Price Reduced
$239,900
-4%
MLS
7/15/2023
Listed
$249,900
85.11%
MLS
4/23/2021
Sold
$135,000
—
Public Record
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
Tax History for 1201 Dr Martin Luther King Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,212
122%
$70,000
4%
2022
$1,901
-36%
$67,000
—
2021
$2,974
44%
$67,000
—
2020
$2,070
5%
$67,000
5%
2019
$1,965
1%
$64,000
10%
2018
$1,945
-7%
$58,000
4%
2017
$2,102
6%
$56,000
6%
2016
$1,981
4%
$53,000
—
2015
$1,896
-4%
$53,000
8%
2014
$1,966
24%
$49,000
—
2013
$1,582
—
$49,000
—
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 1201 Dr Martin Luther King Dr
1201 Dr Martin Luther King Dr, Racine, WI 53404 (MLS# 1842520) is a Retail property. 1201 Dr Martin Luther King Dr is currently listed for $160,000 and was received on July 15, 2023. Want to learn more about 1201 Dr Martin Luther King Dr? 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.