Operating House-Style
2416 Lathrop AVENUE Racine, WI 53405
2416 Lathrop AVENUE, Racine, WI, 53405
$325,000
For Sale
$325,000
Fully operating tavern with house-style character, currently operating on Racine’s main thruway.
Property Size1,468 SF
Price / SF$221.39
Days on Market111
Property Features for 2416 Lathrop AVENUE
General Information
- Standard status
- Active
- Size
- 1,468 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1930
Listing agency
ReBelle Realty
(262) 939-5822
Listed by
Adam Pischke · License #9663194
(262) 939-5822
Source
Xome
Added: Apr 3 Updated: Jul 21 at 6:55PM Checked: Jul 22 at 3:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ReBelle Realty
Investment Insights
Based on property information with market context.
This fully operating bar is offered for sale as an established, long-running business. The property is described as a unique house-style tavern with character and a bar history spanning many decades, including operation for the past 13 years.
Located at 2416 Lathrop Avenue in Racine on a main thruway, the site is positioned for steady visibility as an everyday stop along a primary route.
Located at 2416 Lathrop Avenue in Racine on a main thruway, the site is positioned for steady visibility as an everyday stop along a primary route.
Key Highlights
- Fully operating tavern/bar on a main thruway in Racine
- Unique house‑style tavern with character
- Operated as Paul's Pub for the past 13 years
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $19.20 |
| − Vacancy | −$1.0k | −$0.69 |
| EGI | $27.2k | $18.51 |
| − OpEx | −$6.8k | −$4.63 |
| NOI | $20.4k | $13.88 |
1,468 SF · lease $19.20/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$291.1K
$254.7K – $339.6K
NOI $20,378 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.0K
$308.9K – $411.9K
NOI $24,712 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Paul's Pub Racine
Nightclub
Similar For Sale Nearby
Similar Off Market Nearby
- Arbee's Liquor Stores — 2062 Lathrop Ave, Racine, WI 53405
- Kayla's — 2054 Lathrop Ave, Racine, WI 53405
- Doobies Beer Joint & Sports Bar — 3701 Durand Ave, Racine, WI 53405
- Paul's Pub Racine — 2416 Lathrop Ave, Racine, WI 53405
- Mario's Italian Sports Bar — 2322 Lathrop Ave, Racine, WI 53405
FAQs
What type of property is this?
Bar & Pub - Fully operating tavern with house-style character, currently operating on Racine’s main thruway.
Where is this bar & pub located?
The property is located at 2416 Lathrop AVENUE Racine, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully operating tavern/bar on a main thruway in Racine; Unique house‑style tavern with character; Operated as Paul's Pub for the past 13 years
