228 Main St, Racine, WI 53403 (MLS # 1944416)

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PRICE $650,000 dsIDX morgage calculator
SIZE 4,872 sqft
LOT SIZE 2,178 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.

LAST UPDATED 12/3/2025 YEAR BUILT 1890
COUNTY Racine STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
BASEMENT Full, Yes
CONSTRUCTION Brick, Wood Siding
INTERIOR Carpeting, Display Window, Fixtures, Fuel Tanks, Handicap Access, Handicap Equipped, Inside Storage, Living Space Avail, Office(s), Rest Rooms, Security Lighting, Sprinkler System
LOT 2178 sq ft
LOT DIMENSIONS 0.05
SEWER Public Sewer
TAXES 10334
WATER Public
ZONING B4
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only
Listed with Mahler Sotheby's International Realty
Metro Wisconsin

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