Lifestyle Property For Sale- By United Country Midwest Lifestyle Pr...

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United Country Midwest Lifestyle Properties

pam@mwlsp.com +1(608) 742-5000

$650,000

Est. payment - /mo

4,872 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Motel/Hotel/Bed & Brkfst,Motel/Hotel/Bed & Brkfst,Other,Restaurant/Supper Club

Listing Status Active

Purchase Type For Sale

Square Footage 4,872 sqft

Price per Sqft $133

MLS Listing ID 1944416

Year Built 1890

Annual Tax Amount $10,334

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Motel/Hotel/Bed & Brkfst,Motel/Hotel/Bed & Brkfst,Other,Restaurant/Supper Club

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

Exterior Feature Brick, Brick/Stone, Wood

Roof Type Composition/Fiberglass

Building

Dwelling Type Free Standing

Story 2

Sewer Municipal Sewer, Municipal Water

New Construction N

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Listed by Mahler Sotheby's International Realty

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United Country Midwest Lifestyle Properties

+1(608) 742-5000

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Homes For Sale in Richland Center, WI

228 Main STREET Racine, WI 53403

United Country Midwest Lifestyle Properties

Key Details

Location

Rooms

Interior

Exterior

Building

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