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228 Main St 4,872 SF 100% Leased Retail Building Racine, WI 53403 $895,525 CAD ($183.81 CAD/SF)

Restaurants Wisconsin Racine 228 Main St, Racine, WI 53403

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INVESTMENT HIGHLIGHTS

  • Currently Leased to an established restaurant
  • Attached parking structure for tenants and patrons
  • Two top-rated AirBNB apartments

EXECUTIVE SUMMARY

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.

ATTACHMENTS

AirBNB Expenses

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,872 SF
Building Class
C
Year Built
1886
Price
$895,525 CAD
Price Per SF
$183.81 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.24
Lot Size
0.05 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B4
Frontage
37’ on Main St

AMENITIES

  • 24 Hour Access
  • Restaurant
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
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228 Main St, Racine, WI - AERIAL map view - Image1
228 Main St, Racine, WI - AERIAL map view - Image2
228 Main St, Racine, WI - AERIAL map view - Image3
228 Main St, Racine, WI - AERIAL map view - Image4
228 Main St, Racine, WI - AERIAL map view - Image5
228 Main St, Racine, WI - AERIAL map view - Image6
228 Main St, Racine, WI - AERIAL map view - Image7
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

The YMCA
Wells Fargo Bank
Storage Sense
(262) 995-5827

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Contact the brokers for more information about this property

CONTACTS

  • Christine Veranth
    Christine Veranth
  • Amy Germundsen
    Amy Germundsen

  • Listing ID: 38644585

  • Date on Market: 2025-12-03

  • Last Updated:

  • Address: 228 Main St, Racine, WI 53403

The Downtown Racine Retail Property at 228 Main St, Racine, WI 53403 is currently available. Contact Mahler Sotheby's International Realty for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
228 Main St, Racine, WI for sale Building Photo- Image 1 of 33
Restaurant not included
228 Main St, Racine, WI for sale Aerial- Image 2 of 33
Downtown Racine
228 Main St, Racine, WI for sale Aerial- Image 3 of 33
Close to Lake Michigan
228 Main St, Racine, WI for sale Aerial- Image 4 of 33
Prime Location
228 Main St, Racine, WI for sale Building Photo- Image 5 of 33
228 Main Street
228 Main St, Racine, WI for sale Interior Photo- Image 6 of 33
photo_online_00One of Two Apartments5
228 Main St, Racine, WI for sale Interior Photo- Image 7 of 33
One of Two Apartments
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Kitchen
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Kitchen
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Desirable Open Concept
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Bedroom
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Updated Bath
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Foyer
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Shared Laundry Room
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Second Apartment Living Room
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Living Room
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Open Layout
228 Main St, Racine, WI for sale Interior Photo- Image 18 of 33
Living Room
228 Main St, Racine, WI for sale Interior Photo- Image 19 of 33
Kitchen
228 Main St, Racine, WI for sale Interior Photo- Image 20 of 33
Kitchen
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Bedroom
228 Main St, Racine, WI for sale Interior Photo- Image 22 of 33
Updated Bath
228 Main St, Racine, WI for sale Interior Photo- Image 23 of 33
Restaurant (business not included)
228 Main St, Racine, WI for sale Interior Photo- Image 24 of 33
Restaurant (business not included)
228 Main St, Racine, WI for sale Interior Photo- Image 25 of 33
Restaurant (business not included)
228 Main St, Racine, WI for sale Building Photo- Image 26 of 33
Attached Garage - Public Parking
228 Main St, Racine, WI for sale Building Photo- Image 27 of 33
Attached Garage - Public Parking
228 Main St, Racine, WI for sale Building Photo- Image 28 of 33
Attached Garage - Public Parking
228 Main St, Racine, WI for sale Aerial- Image 29 of 33
Aerial of Property
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Aerial of Location
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Aerial of Location
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Main Street in Racine
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228 Main St
(262) 995-5827 x

228 Main St

Christine Veranth
(262) 995-5827

Amy Germundsen
(414) 847-3129

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