Property Description
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.
Features
: Full
: Municipal Sewer
Address Map
US
WI
Racine
Racine
53403
Main
228
St
W88° 12' 58''
N42° 43' 52.3''
B4
Located on Main Street in Downtown Racine just south of State Street
Additional Information
2025-12-03
: Municipal Water
4872
Hotel/Motel, Restaurant, Other
: Brick, Wood
Mahler Sotheby's International Realty
Anthony J Veranth
$0
$0
Financial
10334
Listing Information
1172
mahler
Active
2025-12-03T22:05:18Z
MetroMLS
2025-12-03T21:20:35Z

228 Main St, Racine, Wisconsin 53403

228 Main St, Racine, Wisconsin 53403

4,872 Sqft
$650,000
Listing ID #1944416
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 1944416
Price : $650,000
Square Footage : 4,872 Sqft
Year Built : 1890
Lot Area : 0.05 Acre
Status : Active
Property Sub Type : Commercial/Industrial
Roof : Composition
F 134 : Central Air
Agent info
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