Contacts
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 28,890 SF
- Units 68
- Additional Rent Contact for pricing
- Year Built 1991
- Year Renovated 2013
- Date Updated Dec 10, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Fee simple interest in the institutionally owned 62-room Fairfield Inn in Racine, Wisconsin
- Available for purchase in the January 23rd auction event via Ten-X
- Offered as part of a four-property portfolio, with all properties being sold individually
- Offered unencumbered by management and debt and a significant discount to replacement cost
- Offered unencumbered by brand, with a variety of alternative branding options available for conversion
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Easily accessible from, and highly visible along, the heavily trafficked Washington Avenue corridor, with over 7,000 vehicles passing daily
- Located within five miles of Racine’s five largest employers: SC Johnson & Son, Modine Manufacturing, CCB Technology, Johnson Financial Group, and Johnson Outdoors
- Readily accessible to all local leisure demand drivers, including downtown Racine, the Racine Art Museum, and the Lake Michigan lakefront and beaches
- Opportune time to invest in Racine County, with Microsoft's recent announcement of a $3.3 billion planned AI infrastructure investment—one of the largest private-sector investments in Wisconsin’s history
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Racine, WI
- Neighborhood Farmington
- Zip Code 53406
- Market Milwaukee
Points of Interest
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Sturtevant
2.38 miles
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54th Street & 8th Avenue
9.32 miles
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54th Street & 6th Avenue
9.32 miles
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54th Street & 5th Avenue
9.33 miles
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54th Street & 4th Avenue
9.33 miles
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Kenosha
9.33 miles
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54th Street & 3rd Avenue
9.34 miles
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11th Avenue & 54th Street
9.34 miles
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54th Street & 2nd Avenue
9.34 miles
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Celebration Place
9.43 miles
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Speedway
0.17 miles
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Kwik Trip
0.21 miles
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Mobil
1.42 miles
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Citgo Gas and Food Mart
2.95 miles
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BP
3.02 miles
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FF PETRO
3.27 miles
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700 Park-Villa Lot
3.74 miles
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Shoop Public Parking Ramp
3.92 miles
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McMynn Parking Ramp
3.95 miles
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Lot B
3.98 miles
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Lake Avenue Ramp
3.98 miles
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Lot A
3.99 miles
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Civic Centre Public Ramp
4.02 miles
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Lot D
4.05 miles
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Lot C
4.06 miles
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semi parking
4.68 miles
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Fairfield Inn
0.01 miles
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Comfort Inn
0.44 miles
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Racine Marriott
0.49 miles
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Knights Inn Racine
0.56 miles
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Super 8 by Wyndham Racine
0.61 miles
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America's Best Value Inn
1.72 miles
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Riverside Inn
2.96 miles
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Christmas House Bed and Breakfast
3.93 miles
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Lochnaiar Inn
3.97 miles
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Harbourwalk Hotel - Racine
4.12 miles
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Festival Foods
0.51 miles
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Walmart Neighborhood Market
0.55 miles
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Kohl's
0.67 miles
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Big Lots
0.73 miles
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Gordon Food Service
0.78 miles
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Get It Now!
0.79 miles
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Piggly Wiggly
0.85 miles
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Washington Square
0.88 miles
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TJ Maxx
0.99 miles
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Burlington
1.20 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Alchemy Real Estate Advisors (AREA)