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For Sale

228 Main St

228 Main St, Racine, WI 53403

$650,000

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.

4,872 Sq.Ft. LIVING AREA

2,178 Sq.Ft. lot

Features & Amenities

Interior

Flooring Carpet

Area & Lot

Status For Sale
Living Area4,872 Sq.Ft.
Total Area4,872 Sq.Ft.
Lot Area2,178 Sq.Ft.
MLS® ID1944416
TypeCommercial
YEAR BUILT1890

Exterior

water SourcePublic
roofComposition
AIR CONDITIONINGCentral Air
sewerPublic Sewer
Disability FeaturesAccessible Entrance

Financial

Sales Price$650,000
Real Estate Tax $10,334/yr
Zoning B4

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