Realmo Analytics

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Property profile

228 Main St Racine, WI 53403

OFF-MARKET
Other investment properties
Property ID
US92-1162313
4,872 SF 0.05 ac lot Built 1890
Last sale Jun 2026 · $575,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This historic, income-generating multi-story building features Cream City brick and is configured with street-level commercial space and an upper residential component in downtown Racine. The street-level area is designed as restaurant space and is operated under an established lease arrangement (with the restaurant business not included as part of the offering). The upper level contains two separate one-bedroom apartments, each described as approximately 1,200 square feet, with updated…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$391k
Assessed land$19k
Assessed improvement$372k
Effective rate2.88%

Value estimate

· Nov 2026
$260k
$234k – $286k
AI approach$260k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$57/SF
ZIP average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$27 – $87
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.4
Tailor Shop9.7
Acupuncture9.0

Location

228 Main St Racine, WI 53403-1028
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1945 Racine, Racine, WI 53403-2534 $79,500 Dec 2025 4,131 SF
419 6th, Racine, WI 53403-1217 $250,000 May 2024 4,660 SF
312 6th, Racine, WI 53403-1216 $260,000 Sep 2023 4,220 SF
1351 Washington, Racine, WI 53403-1767 $208,000 Aug 2023 6,400 SF
611 Wisconsin, Racine, WI 53403-1260 $495,000 Jul 2023 5,450 SF
244 Main, Racine, WI 53403 $205,000 Apr 2023 6,048 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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