Racine, Wisconsin, is a city that offers a unique blend of industrial heritage and cultural attractions, making it an attractive location for investors looking to purchase a restaurant. With a rich history of innovation and manufacturing, Racine has a strong foundation for businesses to succeed. Restaurants in Racine can cater to a diverse range of customers, from locals who appreciate the city's historic districts and buildings to visitors who come to enjoy the city's scenic lakefront and cultural attractions. The city's infrastructure, including its municipal water system and transportation facilities, provides a solid foundation for businesses to operate. Additionally, Racine's location, situated 22 miles south of Milwaukee and approximately 60 miles north of Chicago, makes it an attractive location for businesses that want to reach a wider audience. The city is also home to notable companies like S. C. Johnson & Son and J. I. Case, which can provide a steady stream of customers for restaurants. With a warm-summer Continental climate and a range of cultural attractions, Racine is a great place to invest in a restaurant.
Racine has a total of 5 restaurants for sale, offering a range of investment opportunities. The average price per square foot for restaurants in Racine is $243 USD, with an average size of 6,243 square feet. The largest restaurant available for sale has a size of 12,000 square feet. In addition to restaurants, Racine also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can find apartment buildings with a range of amenities, including proximity to the University of Wisconsin–Parkside and Gateway Technical College. Shopping centers in Racine offer a mix of local and national retailers, while specialty properties can provide unique investment opportunities. Hotels in Racine cater to visitors who come to enjoy the city's cultural attractions and scenic lakefront. With its diverse range of investment opportunities, Racine is a great place to invest in a restaurant or other type of property.
What is the average cost per square foot for a restaurant in Racine?
For those interested in purchasing a restaurant in Racine, the average cost per square foot is $243 USD per square foot, with an average size of 6,243 square feet and a largest size available of 12,000 square feet, among the 5 available listings.
What factors determine the value of a restaurant for sale in Racine?
The value of a restaurant for sale in Racine is determined by a combination of factors, including:
- the average price per square foot, which is currently $243 USD per square foot, and the average size of restaurants for sale, which is 6,243 square feet;
- the average cap rate, which is 5.5%, and the overall demand for restaurants in the area, influenced by Racine's strong industrial history and its position as a hub for heavy equipment manufacturing, cleaning and chemical products, and heat exchangers;
- the availability of restaurants for sale, with 5 listings currently on the market, and the unique characteristics of each property, such as its location, amenities, and condition.
