Date
Details
Price
Change
Source
12/03/2025
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$650,000
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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.
Full Property Details
Full Property Details for 228 Main St
General
- Price: $650,000
- Taxes: $10,334 (2024)
- Status: Active
- Type: Commercial
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1944416
- Updated: 12/3/2025
- Added to Site: 46 day(s) ago
Additional Information
- Other Features: Carpeting, Display Window, Fixtures, Fuel Tanks, Handicap Access, Handicap Equipped, Inside Storage, Living Space Available, Office(s), Restrooms, Security Lighting, Sprinkler System
Location
- Municipality: City
- County: Racine
- Driving Directions: Located on Main Street in Downtown Racine just south of State Street
- Dist. to Freeway: Less than 1 Mile
- Location Details: Business District, Freestanding, Near Public Transit
Heating & Cooling
- Heating/Cooling: Central Air Conditioning, Forced Air, Individual Heating Units, Other
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Structure Type: Other
- Exterior Const.: Brick, Wood
- Basement Desc.: Full
- Roof: Composition
- Ceiling Height: 11 to 15 Feet, 8 to 10 Feet
- Drive-In Clearance: No Truck Door
- Stories Description: 2
- Square Feet: 4,872
- Year Built: 1890
Lot Features
- Lot Size (Acres): 0.05
- Frontage: High Visibility, Near Public Transit, Paved Road, Town/City Road
- Zoning: B4
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $10,334
- Tax Year: 2024
Listed by Mahler Sotheby's International Realty
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— 228 Main St —
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Schools
Schools serving 228 Main St
School District:Racine School District
| Name | Grades | Distance |
|---|---|---|
Johnson Elementary School, Racine, WI 2420 Kentucky Street, Racine, WI 53405 | K-5 | 3.1 mi |
Case High School 7345 Washington Ave, Racine, WI 53406 | 9-12 | 4.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 228 Main St
Tax History
Tax History for 228 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,334
-8%
$391,000
—
2023
$11,269
9%
$391,000
5%
2022
$10,361
-13%
$373,000
—
2021
$11,916
16%
$373,000
10%
2020
$10,309
5%
$340,000
5%
2019
$9,787
-4%
$324,000
—
2018
$10,245
-2%
$324,000
—
2017
$10,446
-2%
$324,000
—
2016
$10,681
-1%
$324,000
—
2015
$10,799
4%
$324,000
—
2014
$10,334
1%
$324,000
—
2013
$10,264
—
$324,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 228 Main St
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 4Total Baths
- 3,156Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,560Sq. Ft.
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- Single Family
- Active
- Updated 2 hours ago
- 4Beds
- 3Total Baths
- 2,252Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 4,971Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 1Total Bath
- 1,356Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 2Total Baths
- 1,373Sq. Ft.
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228 Main St, Racine, WI 53403 (MLS# 1944416) is a Commercial property. 228 Main St is currently listed for $650,000 and was received on December 03, 2025. Want to learn more about 228 Main St? Do you have questions about finding other Commercial real estate for sale in Racine? You can browse all Racine real estate or contact a Coldwell Banker agent to request more information.