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Listed by Mahler Sotheby's International Realty
$ 650,000
Est. payment /mo
Active
228 Main STREET Racine, WI 53403
4,872 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $133
Municipality RACINE
MLS Listing ID 1944416
Year Built 1890
Annual Tax Amount $10,334
Tax Year 2024
Lot Size 2,178 Sqft
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
Cooling Central Air, Forced Air, Individual Heating Units, Other
Inclusions All furnishings in both AirBNB units.
Exterior
Roof Type Composition/Fiberglass
Building
Dwelling Type Free Standing
Story 2
Sewer Municipal Sewer, Municipal Water
Structure Type Brick,Brick/Stone,Wood
New Construction N
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