For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Motel/Hotel/Bed & Brkfst,Motel/Hotel/Bed & Brkfst,Other,Restaurant/Supper Club
Listing Status Sold
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $118
MLS Listing ID 1944416
Sold Date 06/01/26
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
Exterior
Exterior Feature Brick, Brick/Stone, Wood
Roof Type Composition/Fiberglass
Building
Story 2
Sewer Municipal Sewer, Municipal Water
New Construction N
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2026 WIREX - All Rights Reserved
Bought with Keller Williams Thrive-Caledonia
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION




