$650,000
228 Main Street, Racine, WI 53403
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.
Property Details
Interior
- Full
- Central Air, Forced Air, Individual Heating Units, Other
- Total Sqft: 4,872
- Lot Sqft Source: Assessor/Public Record
- Estimated Sqft Range: 3501 or more,3501-5000,2501 or more
Exterior
- Range: 0.0 to .499
- Source: Assessor/Public Record
- Brick, Brick/Stone, Wood
- Spaces: 0.0
- Composition/Fiberglass
- Waterfront: N
- Municipal Sewer, Municipal Water
Misc.
- Ceiling Height: 11 - 15 feet,8 - 10 feet
- Features: Expenses Include: Property Insurance, Expenses Include: Legal, Expenses Include: Repair & Maintenance, Expenses Include: Miscellaneous, Expenses Include: Utilities, Carpeting, Display Window, Fuel Tanks, Inside Storage, Living Space, Offices, Restroom(s), Security Lighting, Interior Sprinkler
- N
- Code: 53403
- Zip+4: 1028
- Y
- Name: Main STREET
- Suffix: STREET
- 2024
- B4
Map
- Located on Main Street in Downtown Racine just south of State Street
Monthly Payment Calculator
Schools and Neighborhood
- Racine
- Name: RACINE
- Type: City
- RACINE
Market Comparison
How this property compares to local market averages — calculated 4/17/2026
Listing Information
- Time on Market: 134 days
- Place Perfect Last Updated: 2026-04-14 09:40:08
- MLS Number: 1944416
- Subsystem Locale: WIREX_METRO
- Listing Office: Mahler Sotheby's International Realty
- Listing Agent: Anthony Veranth
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