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Listed by Anthony J Veranth Mahler Sotheby's International Realty
$650,000
Est. payment /mo
4,872 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $133
MLS Listing ID 1944416
Acres 0.05
Property Sub-Type Commercial/Industrial
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
County Racine
Direction Located on Main Street in Downtown Racine just south of State Street
Rooms
Basement Full
Interior
Cooling Central Air
Inclusions All furnishings in both AirBNB units.
Exterior
Roof Type Composition
Exclusions Seller and tenants personal property
Building
Building Description Brick,Wood, Sprinkler System,Fixtures,Carpeting,Fuel Tanks,Display Window,Rest Rooms,Inside Storage,Living Space Avail,Handicap Access,Handicap Equipped,Security Lighting,Office(s)
Sewer Municipal Sewer
Structure Type Brick,Wood
Others
Tax ID 00075000
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