The former Zahn’s Department store building, which once was supposed to be a children’s museum and has sat vacant since 1981, has now been sold to Bachan Singh for $275,000.
Singh, a real estate developer who owns a number of gas stations, lives in Brookfield in a 24,000-square-foot mansion, according to stories by the Journal Sentinel and the Milwaukee Business Journal.
The 40,000-square-foot building, which was founded by Edward Zahn in 1898 operated as Zahn’s Department store, was owned by Tri-City Bank National Bank. Tri-City Bank inherited the building when it purchased the assets of the Bank of Elmwood when the Federal Deposit Insurance Corporation shut down the bank in September 2009.
Northterra Real Estate Group LLC, a development company owned by Caledonia resident Lee Jaramillo, had an accepted offer to buy 500 Main St., but the deal fell through in September.
Jaramillo wanted to put in a mixed use that included a coffee shop and an educational-based “makers’ space” that could have dovetailed with area schools’ curriculum. The Racine Public Library was to run the makers’ space, but since they lost a grant they were unable to be part of the deal.
We’ll update this story when we get more information.
Here are the rest of the Racine County Property transfers.
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|637 Meadow Ln., Unit 207||City of Burlington||$65,000.00|
|549 W. State St.||City of Burlington||$127,000.00|
|651 S. Browns Lake Dr.||City of Burlington||$360,000.00|
|5506 Erie St.||Caledonia||$130,000.00|
|5934 Golf Ridge Dr.||Caledonia||$337,400.00|
|21423 Bennett Rd.||Dover||$492,831.00|
|5700 Cambridge Cir., Unit 6L||Mount Pleasant||$74,900.00|
|2909 Cozy Acres Rd.||Mount Pleasant||$110,000.00|
|3135 Oakwood Dr.||Mount Pleasant||$154,000.00|
|2253 Spring Meadow Ln.||Mount Pleasant||$300,000.00|
|1424 Blake Ave.||Racine||$2,700.00|
|400 Cliff Ave.||Racine||$30,100.00|
|1423 Russet St.||Racine||$44,500.00|
|1708 Flett Ave.||Racine||$46,800.00|
|2519 Charles St.||Racine||$55,000.00|
|2721 Wright Ave.||Racine||$98,000.00|
|1045 Washington Ave.||Racine||$100,000.00|
|815 Berkeley Dr.||Racine||$109,900.00|
|3312 First Ave.||Racine||$114,000.00|
|3003 Olive St.||Racine||$119,000.00|
|813 Arthur Ave.||Racine||$119,000.00|
|1136 Main St.||Racine||$180,000.00|
|500 Main St.||Racine||$275,000.00|
|2875 Pebble Circle, #1411||Sturtevant||$100,333.00|
|29005 Elm Island Dr.||Town of Waterford||$189,000.00|
|8020 Wildrose Ct.||Town of Waterford||$245,000.00|
|4429 Golf Dr.||Town of Waterford||$247,000.00|
|823 16th Ave.||Union Grove||$156,000.00|
|515 E. Main St.||Village of Waterford||$115,000.00|
|203 Harmont Rd.||Village of Waterford||$172,000.00|
|888 Inverness||Village of Waterford||$220,000.00|
|634 Cherrywood Dr.||Village of Waterford||$247,000.00|
|836 Meadowgate Dr.||Village of Waterford||$279,800.00|
|18 Sandalwood Ct.||Wind Point||$275,000.00|
|6 Pinewood Ct.||Wind Point||$291,000.00|