Debra Truckey
Berkshire Hathaway HomeServices Metro Realty-Racine
(262) 383-2971
27 Total Sales
1 in Downtown Racine
$200,000 Price
228 Main St Racine, WI 53403
Downtown Racine Neighborhood
--
Bed
--
Bath
4,872
Sq Ft
2,178
Sq Ft Lot
Highlights
- Property is near public transit
- Storage
- Central Air
- Display Windows
- Handicap Accessible
- Carpet
About This Home
As of June 2026This 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.
Last Agent to Sell the Property
Anthony Veranth
Mahler Sotheby's International Realty License #50887-94 Listed on: 12/03/2025
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Property Details
Property Type
- Other
Est. Annual Taxes
- $10,334
Lot Details
- 2,178 Sq Ft Lot
- Sprinkler System
Home Design
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- Restroom Available
- 4,872 Sq Ft Home
- Display Windows
- Storage
- Carpet
- Basement Fills Entire Space Under The House
Utilities
- Central Air
- Fuel Tank
Additional Features
- Handicap Accessible
- Property is near public transit
Community Details
- Office
- Gross Income $87,874
- Security Lighting
Listing and Financial Details
- Exclusions: Seller and tenants personal property
- Assessor Parcel Number 00075000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 19, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$87,854
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$552,808
Purchase Details
Closed on
Oct 1, 2018
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Racine, WI
-
Debra Truckey
-
LETS GO! Realty Group*
LETS GO! Realty Group*
Keller Williams Realty-Milwaukee Southwest
(262) 956-9082
122 Total Sales
1 in Downtown Racine
$219,900 Price
-
Stacy Johnson
Stacy Johnson
Baird & Warner
(224) 328-1161
155 Total Sales
1 in Downtown Racine
$379,000 Price
-
Karen Sorenson
Karen Sorenson
RE/MAX Newport
(262) 383-4087
303 Total Sales
8 in Downtown Racine
$83K - $610K Price Range
-
Lynn Tower
Lynn Tower
RE/MAX Newport
(262) 214-3163
76 Total Sales
1 in Downtown Racine
$10,000 Price
-
Wendy Kaprelian
Wendy Kaprelian
Responds QuicklyShorewest Realtors, Inc.
(414) 867-7744
165 Total Sales
1 in Downtown Racine
$466,900 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Landmark Title | |
| Land Contract | $324,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | New Conventional |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/01/2026 06/01/26 | Sold | $575,000 | -11.5% | $118 / Sq Ft |
| 12/03/2025 12/03/25 | For Sale | $650,000 | -- | $133 / Sq Ft |
Source: Metro MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,381 | $430,100 | $19,000 | $411,100 |
| 2024 | $10,334 | $391,000 | $19,000 | $372,000 |
| 2023 | $11,269 | $391,000 | $19,000 | $372,000 |
| 2022 | $10,361 | $373,000 | $19,000 | $354,000 |
| 2021 | $11,916 | $373,000 | $19,000 | $354,000 |
| 2020 | $10,309 | $340,000 | $19,000 | $321,000 |
| 2019 | $9,787 | $324,000 | $19,000 | $305,000 |
| 2018 | $10,245 | $324,000 | $19,000 | $305,000 |
| 2017 | $10,446 | $324,000 | $19,000 | $305,000 |
| 2016 | $10,681 | $324,000 | $19,000 | $305,000 |
| 2015 | $10,264 | $324,000 | $19,000 | $305,000 |
| 2014 | $10,264 | $324,000 | $19,000 | $305,000 |
| 2013 | $10,264 | $324,000 | $19,000 | $305,000 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2026
Anthony Veranth
Mahler Sotheby's International Realty
-
Andrew Bollmeier
Buyer's Agent in 2026
Andrew Bollmeier
Keller Williams Thrive-Caledonia
(262) 498-4248
2 in this area
32 Total Sales
Map
Source: Metro MLS
MLS Number: 1944416
APN: 276-000000075000
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