Main Street building in Racine sold for $4.5 million

96-year-old building sold to New York investment firm

A three-story building on Main Street in Racine has sold to a New York investor for $4.5 million, according to state records.

413 Main St.

The 128,000-square-foot brick building, located at 413 Main St., has retail space on the first floor and two stories of the Arcade Apartments above. It was built in 1921.

The property was sold by Chicago-based Arcade Partners LLC to Harmony Housing LLC, of New York, New York, which is registered to Greystone & Company Inc.

The first floor of the building is vacant and has been for at least two years.

The Downtown Racine Corporation was previously located there, but moved to 425 Main St. about five years ago. An insurance company was located at 413 Main St., but moved out about two years ago, according to Downtown Racine Corp.

The property was last sold for $4 million in 2014. It has an assessed value of $3.6 million.

A three-story building on Main Street in Racine has sold to a New York investor for $4.5 million, according to state records.

413 Main St.

The 128,000-square-foot brick building, located at 413 Main St., has retail space on the first floor and two stories of the Arcade Apartments above. It was built in 1921.

The property was sold by Chicago-based Arcade Partners LLC to Harmony Housing LLC, of New York, New York, which is registered to Greystone & Company Inc.

The first floor of the building is vacant and has been for at least two years.

The Downtown Racine Corporation was previously located there, but moved to 425 Main St. about five years ago. An insurance company was located at 413 Main St., but moved out about two years ago, according to Downtown Racine Corp.

The property was last sold for $4 million in 2014. It has an assessed value of $3.6 million.

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