5121 Spg St Mount Pleasant, WI 53406
This exceptional 3.94-acre parcel presents a remarkable opportunity for developers seeking a prime location in Mount Pleasant, Wisconsin. Situated on Spring Street (State Highway C), this mixed-use land boasts convenient access to Highway 31 and is ideally positioned near a busy intersection with high visibility. The property features a reasonably flat contour, with a retaining pond located in the southeast corner. Its strategic location offers easy access to Interstate highways, providing convenient commutes to both Milwaukee and Kenosha. Zoned for a variety of uses, including commercial condos, multifamily developments, senior housing, and other RM-1 through RM-5 designations (refer to provided zoning documents for specific details). Utilities are readily available, with water access at the street and sewer access on Spring Street. A completed Phase I environmental assessment confirms a clean site. Previously occupied by Marigold Dairy, this property offers a blank canvas for a wide range of development projects. The out-of-state seller is motivated and seeking a quick sale. This is a rare chance to acquire a premier development site in Racine County. Asking price is $374,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.