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Listing Courtesy Of:

Listing Office: Mahler Sotheby's International Realty

Listing Office Phone: (414) 964-2000

228 Main St Racine, WI 53403

$650,000
Active-With Offer / MLS# 1944416 / Commercial - Business / Racine
0 Beds
4872 SqFt

This is a rare opportunity to acquire a spectacular income-generating building (restaurant business not included) in Downtown Racine, just steps from Lake Michigan. Featuring historic architecture, the almost 5,000 sqft building with coveted Cream City Brick has been kept in superb condition. A reliable, established restaurant leases the desirable street-level space, while the upstairs features two top-rated AirBNB apartments for immediate high-yield cash flow. Each one-bedroom apartment is 1,200 sqft or there is an adjoining door to combine. Units have been updated including modern amenities, plus tenants and patrons alike benefit from a convenient, attached parking structure. Don't let this investment opportunity pass you by. Apt1 currently rented MTM thru 4/1/2026 at $1,250 per month.

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Property Details

Property Type: Commercial - Business
Basement: Full
Lot Size: 0.05 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $10,334
Year Built: 1890

Feature Descriptions

Ceiling Height (AVG): 11-15,8-10
Data Source: Metro MLS
Exterior: Brick, Wood
Flood Plain: No
Heating/Cooling: Central Air, Forced Air, Indiv. Heating Units, Other
Location: Business District, Free Standing, Near Public Transit
Miscellaneous: Carpeting, Display Window, Fixtures, Fuel Tanks, Handicap Access, Handicap Equipped, Inside Storage, Living Space Avail., Office(s), Rest Rooms, Security Lighting, Sprinkler System
Parking: 0.00
Proximity to Highway: 0-1 Miles
Road Frontage: High Visibility, Near Public Transit, Paved Road, Town/City Road
Sale Includes: Lease, Real Estate, Rental Units
Truck Door Height: No Truck Door
Water/Sewer: Municipal Sewer, Municipal Water
Zoning: B4

Location

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