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    Property profile & analytics

    228 Main St Racine, WI 53403-1028

    • Investment properties
    • 4,872 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Jan 20, 2023
    Location Intelligence
    Property ID
    US92-1162313
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 228 Main St

    Year built
    1890
    Lot size
    0.05 lot acres
    Property size
    4,872 SF
    Zone code
    B4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    276 000000075000
    APU
    276000000075000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7839
    Latitude
    42.7312
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,269
    $19,000
    $372,000
    $391,000
    -
    $21,042
    $411,988
    $433,030

    Comparable in this City

    • Value Estimation
      $1,390,000
      16,425 SF

      141 Main St, Unit 200

      OFFICE/RESIDENTIAL (MIXED USE) • 16,425 SF
      141 Main St, Racine, WI 53403-4631
      View Details
    • Value Estimation
      $260,000
      4,660 SF

      419 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,660 SF
      419 6th St, Racine, WI 53403-1217
      View Details
    • Value Estimation
      $55,000
      3,024 SF

      1301 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      1301 Ctr St, Racine, WI 53403-1870
      View Details
    • Value Estimation
      $250,000
      0.33 Acres

      1221 21st St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.33 Acres
      1221 21st St, Racine, WI 53403-3385
      View Details
    • Value Estimation
      $295,000
      4,872 SF

      306 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,872 SF
      306 6th St, Racine, WI 53403-1216
      View Details
    • Value Estimation
      $240,000
      5,200 SF

      501 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,200 SF
      501 6th St, Racine, WI 53403-1109
      View Details

    Similar Nearby for Sale

    • $299,000
      3,105 SF

      Downtown Racine Mixed-Use Building

      Retail/office/residential building in downtown Racine on Main Street.
      420 Main St, Racine, WI 53403
      View Details
    • $1,200,000
      43,510 SF

      Racine Redevelopment Gem

      Historic Downtown Racine property, 43,510 sq ft.
      1012 Main St, Racine, WI 53403
      View Details
    • $415,000
      3,249 SF

      Historic Mixed-Use Building in Racine

      Two-story brick building with commercial space and luxury apartment.
      334 Main St, Racine, WI 53403
      View Details
    • Contact for pricing
      27,160 SF

      Lake Avenue Office Building

      Historic Racine Office Space, Lake Views
      601 Lake Ave, Racine, WI 53403
      View Details
    • $2,995,000
      182,142 SF

      Racine Industrial & Corporate HQ

      Prime industrial and corporate headquarters opportunity in Racine, Wisconsin.
      1328 Racine St, Racine, WI 53403
      View Details
    • New
      $334,900
      0.09 Acres

      Racine Four-Unit Brick Building

      Four-unit building with updates, garage, and income potential.
      1100 Valley Dr, Racine, WI 53403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,160 SF

      Harborview Professional Building: Racine, WI

      Downtown Racine Office Space: Lake Michigan Views
      601 Lake Ave, Racine, WI 53403
      View Details
    • $10 SF/Yr
      12,000 SF

      Prime Retail Space in Racine

      Versatile commercial space with parking, drive-in door, and basement.
      1610 Washington Ave, Racine, WI 53403
      View Details
    • $11 SF/Yr
      8,505 SF

      330 Main St.

      Coworking space • 8,505 SF
      330 Main St, Racine, WI 53403
      View Details
    • Contact for pricing
      45,511 SF

      One Main Centre: Racine Office Space

      Downtown Racine office suites, 1,124-8,444 sq ft.
      1 Main St, Racine, WI 53403
      View Details
    • $15 SF/Yr
      3,500 SF

      Commercial Flex Space Available

      3,500 sq ft flex space with climate control.
      316 Sheridan Rd, Racine, WI 53403
      View Details

    Property Visit Statistics

    • Visits by month
      973
    • Visitors by month
      1.0k
    • Avg Time on site
      14 min
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    228 Main St
    Racine, WI 53403-1028
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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