Racine County · Racine
Sell Your Commercial Property In Racine, WI
We are an active buyer of Racine commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Mount Pleasant · Caledonia · Sturtevant · West Racine — Racine County, WI
Market Snapshot
Renter Demand In Racine
Racine, WI sits on Lake Michigan about 60 miles north of Chicago, and 39.8% of its households rent (ACS 2020-2024). Median gross rent is $1,033, below Wisconsin's $1,087. Gross property tax runs 2.359% of full value in DOR's 2025 report. Owners who sell commercial property in Racine, WI will find the rent, tax and landlord-law figures buyers underwrite here. Those who sell multifamily property in Racine can price against the same Census, HUD and state data, each linked to its source.
SC Johnson headquarters
SC Johnson says it was founded in Racine in 1886 and is headquartered there, about 60 miles north of Chicago.Racine County manufacturers
RCEDC lists CNH Industrial, InSinkErator, Modine and Foxconn Industrial Internet among its 12 leading Racine County employers.Microsoft in Mount Pleasant
Microsoft's first Mount Pleasant datacenter has nearly 550 full-time employees; a second facility due in 2028 adds about 800.Our Buy Box
What We Buy In Racine
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Racine Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Racine
Racine has 12,734 renter households out of 31,970, a 39.8% renter share (ACS 2020-2024 table B25003). Buildings with five or more units hold 5,058 of Racine's 34,848 housing units, or 14.5% (table B25024). Median year built is 1953, and 87.4% of homes predate 1980 (table B25034).
Rents and affordability in Racine
Racine's median gross rent is $1,033 a month, below the $1,087 Wisconsin median (table B25064). In Racine, 50.4% of renter households pay 30% or more of income on rent, and 24.9% pay 50% or more (table B25070). Owners who sell commercial real estate in Racine, WI price against the HUD figures below.
| Unit size | HUD FY2027 FMR, Racine-Mount Pleasant, WI MSA |
|---|---|
| Efficiency | $926 |
| One-bedroom | $1,036 |
| Two-bedroom | $1,283 |
| Three-bedroom | $1,639 |
| Four-bedroom | $1,984 |
Racine falls in the Racine-Mount Pleasant HUD FY2027 fair market rent area, effective October 1, 2026.
Property taxes in Racine County
Racine's 2025 gross property tax rate is 2.359% of full value, and its effective rate is 2.218% (Wisconsin DOR Taxes Levied 2025 report). The effective rate subtracts the state school levy credit. DOR lists Racine's assessment level at 94%.
On a $2,000,000 property, 2.359% gives $47,180 a year, and 2.218% gives $44,360. Wisconsin's transfer fee is $3 per $1,000, or $6,000 on $2,000,000 (DOR transfer fee report). Anyone ready to sell commercial property in Racine, WI should include that fee in closing math.
Landlord rules in Wisconsin
Wisconsin landlords must return a security deposit within 21 days after the rental agreement ends (DATCP landlord tenant guide). For month-to-month tenancies, a landlord may serve a 14-day notice for nonpayment. For leases of one year or less, late rent first needs a 5-day cure notice.
Under Wis. Stat. 66.0104(2)(b), local ordinances cannot add deposit or inspection requirements beyond state administrative rules. Selling commercial property in Racine with residential tenants means buyers will underwrite these rules.
What it means for a Racine owner
Racine has 5,058 units in buildings of five or more units, the size Skyline Capital Investments buys. Owners ready to sell commercial property in Racine, WI can model proceeds with the cap rate calculator. The next step to sell your apartment building in Racine is requesting an offer on the sell my apartment building page.
Seller Notes
Pricing Your Building In Racine
More about selling in Wisconsin →Investing in Racine? See apartment syndications in Racine →
- Owners who sell commercial real estate in Racine, WI face a 2.359% gross rate.
- Racine's median rent of $1,033 sits below Wisconsin's $1,087, per ACS 2020-2024.
- A $2,000,000 sale carries a $6,000 Wisconsin transfer fee at $3 per $1,000.
Seller Guides
Your Situation, Handled — Racine
Learn More
Taxes & Rules For Racine Property
The Wisconsin rules that shape any deal in Racine: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Racine Seller FAQ
What is the property tax rate on commercial property in Racine?
Wisconsin DOR's 2025 report lists Racine's gross rate at 2.359% of full value and its effective rate at 2.218%. On a $2,000,000 property that is $47,180 or $44,360 a year. DOR lists Racine's assessment level at 94%.
How do I sell commercial property in Racine, WI?
Start with rents and taxes. Racine's median gross rent is $1,033 (ACS 2020-2024), and the gross tax rate is 2.359%. Add the $3 per $1,000 Wisconsin transfer fee, then request offers. Skyline Capital Investments buys buildings with five or more units.
What does it cost to transfer a building in Wisconsin?
Wisconsin charges a real estate transfer fee of $0.30 per $100 of value, or $3 per $1,000, per the state DOR transfer fee report. On a $2,000,000 Racine building, the fee is $6,000. A $1,000,000 transfer carries $3,000.
How many apartment units are in Racine?
Racine has 5,058 housing units in buildings with five or more units, 14.5% of its 34,848 total units, per ACS 2020-2024 table B25024. Renters occupy 12,734 of 31,970 households, a 39.8% share. Median year built is 1953.
Can I sell commercial real estate in Racine, WI with tenants in place?
Yes. Buyers underwrite the leases and Wisconsin rules, including the 21-day security deposit return deadline from DATCP. Under Wis. Stat. 66.0104(2)(b), local ordinances cannot add deposit or inspection requirements beyond state rules. Buyers price that predictability into offers.
Do I need to fix up my Racine building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Racine County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Racine with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in Racine?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Racine
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
