228 Main St Racine, WI $ 650,000
228 Main St
$ 650,000
Recently Listed
Share Save

228 Main St

Racine, WI, 53403
$ 650,000
Bedrooms-- Baths-- Sq 4,872

Monthly Estimate*

$ 4,055

228 Main St, Racine, WI 53403 - Image 1
228 Main St, Racine, WI 53403 - Image 2
228 Main St, Racine, WI 53403 - Image 3
228 Main St, Racine, WI 53403 - Image 4
228 Main St, Racine, WI 53403 - Image 5
228 Main St, Racine, WI 53403 - Image 6
228 Main St, Racine, WI 53403 - Image 7
228 Main St, Racine, WI 53403 - Image 8
228 Main St, Racine, WI 53403 - Image 9
228 Main St, Racine, WI 53403 - Image 10
228 Main St, Racine, WI 53403 - Image 11
228 Main St, Racine, WI 53403 - Image 12
228 Main St, Racine, WI 53403 - Image 13
228 Main St, Racine, WI 53403 - Image 14
228 Main St, Racine, WI 53403 - Image 15
228 Main St, Racine, WI 53403 - Image 16
228 Main St, Racine, WI 53403 - Image 17
228 Main St, Racine, WI 53403 - Image 18
228 Main St, Racine, WI 53403 - Image 19
228 Main St, Racine, WI 53403 - Image 20
228 Main St, Racine, WI 53403 - Image 21
228 Main St, Racine, WI 53403 - Image 22
228 Main St, Racine, WI 53403 - Image 23
228 Main St, Racine, WI 53403 - Image 24
228 Main St, Racine, WI 53403 - Image 25
228 Main St, Racine, WI 53403 - Image 26
228 Main St, Racine, WI 53403 - Image 27
228 Main St, Racine, WI 53403 - Image 28
228 Main St, Racine, WI 53403 - Image 29
228 Main St, Racine, WI 53403 - Image 30
228 Main St, Racine, WI 53403 - Image 31
228 Main St, Racine, WI 53403 - Image 32

Commercial Property for sale in Racine, WI

for $650,000. This 4,872 square foot building was built in 1890 on a lot size of 0.05.

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.

See more

Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 10,334

Style

Hotel/Motel,,Restaurant

Lot Size

0.05

Year Built

1890

Town/City

Racine

County/Region

Racine

MLS | Web ID

1944416

Features
General
Road Frontage High Visibility Near Public Transit Paved Road Town/City Road
Parking 0.00
Zoning B4
Year Built 1890
County Racine
Miscellaneous Carpeting Display Window Fixtures Fuel Tanks Handicap Access Handicap Equipped Inside Storage Living Space Avail. Office(s) Rest Rooms Security Lighting Sprinkler System
Property Type G
Location Business District Free Standing Near Public Transit
Municipality City
Tax Year 2024
Directions Located on Main Street in Downtown Racine just south of State Street
City Racine
Taxes 10334.00
See more
Interior
Basement Full
Heating/Cooling Central Air Forced Air Indiv. Heating Units Other
Stories 2
See more
Exterior
Exterior Brick Wood
Roofing Composition
Flood Plan No
See more
* Excluded Features
List By
Mahler Sotheby's International Realty

Broker

chris@mahlersir.com

Email

Affordability Calculator

$4,916
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$861
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1159182 Elementary School
1159119 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$650,000 Listed Price

Map


See all

228 Main St, Racine, WI, 53403 is a Commercial Property for sale at $650,000 with 4,872 sqft and a lot size of 0.05. 228 Main St was built in 1890. The property's zip code is 53403 which is in Racine, WI