228 Main St - Restaurant FOR SALE


Racine, WI 53403- Downtown Racine
$650,000 USD
262-995-5827
228 Main St, Racine, WI for Sale
$650,000 USD
Restaurant - FOR SALE
1/32
null | Request Cap Rate

228 Main St
Racine, WI 53403
Downtown Racine


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1886

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,179 SF

ZONING

B4

APN/PARCEL ID

00075000

ASK ABOUT THIS PROPERTY

Christine VeranthMahler Sotheby's International RealtyMore Info
262-995-5827

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Christine VeranthMahler Sotheby's International RealtyMore Info
262-995-5827

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.