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Listed by Mahler Sotheby's International Realty

$650,000

Est. payment - /mo

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4,872 SqFt

Active

228 Main St Racine, WI 53403

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,872 sqft

Price per Sqft $133

MLS Listing ID 1944416

Year Built 1890

Annual Tax Amount $10,334

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

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.

Location

State WI

County Racine

Zoning B4

Rooms

Basement Full

Interior

Heating Central Air, Forced Air, Indiv. Heating Units, Other

Cooling Central Air, Forced Air, Indiv. Heating Units, Other

Flooring No

Exterior

Exterior Feature Brick, Wood

Roof Type Composition

Building

Water Municipal Sewer, Municipal Water

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

8

Jefferson Lighthouse Elementary School

Public | KG - 5
6

Fine Arts Elementary School

Public | KG - 5
5

Red Apple Elementary School

Public | PK - 5
4

21st Century Preparatory School

Public | PK - 8
4

Roosevelt Elementary School

Public | PK - 5
3

Fratt Elementary School

Public | PK - 5
3

Wadewitz Elementary School

Public | PK - 5
3

Mitchell Elementary School

Public | PK - 5
3

Janes Elementary School

Public | PK - 5
1

Knapp Elementary School

Public | PK - 5
1

Julian Thomas Elementary School

Public | PK - 5
1

Jerstad-Agerholm Elementary School

Public | PK - 5
0

Evergreen Academy

Private | PK - 7
0

Our Lady of Grace Academy

Private | PK - 8
0

St Lucy School

Private | PK - 8
0

John Paul II Academy

Private | PK - 8
0

Hope Christian School - Via

Private | KG - 3
0

Trinity Lutheran School

Private | PK - 8
0

Small World Montessori

Private | PK - KG
0

Racine Montessori School

Private | PK - 8

Middle Schools 6

2

Jerstad-Agerholm Middle School

Public | 6 - 8
1

Mitchell Middle School

Public | 6 - 8
1

McKinley Middle School

Public | 6 - 8
1

Gilmore Middle School

Public | 6 - 8
0

Walden III Middle School

Public | 6 - 8
0

St Catherines High School

Private | 6 - 12

High Schools 4

1

Horlick High School

Public | 9 - 12
1

Park High School

Public | 9 - 12
0

Lutheran High School

Private | 9 - 12
0

Walden III High School

Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Ben Gentile

Broker