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Financial
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Property profile

2416 Lathrop Ave Mount Pleasant, WI 53405

OFF-MARKET
Bars & Pubs
Property ID
US92-3383592
1,468 SF 0.14 ac lot Built 1930
Last sale Aug 2026 · $215,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a fully operating house-style tavern (bar) with a long-standing, multi-decade history of bar operation. It is located at 2416 Lathrop Avenue in Racine on a main throughway, positioned along a primary route to support everyday street visibility. The premises are configured as a bar/tavern business location within a house-style setting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$180k
Assessed land$55k
Assessed improvement$125k
Effective rate2.67%

Value estimate

· Oct 2026
$245k
$221k – $270k
AI approach$245k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$170/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$68 – $276

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?
B2
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency49.5
Law Firm41.5
Restaurant23.7

Location

2416 Lathrop Ave Mount Pleasant, WI 53405-4141
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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
3317 Durand, Racine, WI 53405-4205 $222,873 Feb 2025 1,183 SF
2300 Lathrop, Racine, WI 53405-4139 $180,000 Feb 2024 1,539 SF
2022 Lathrop, Racine, WI 53405-3759 $550,000 Jan 2024 1,050 SF
1136 Hayes, Racine, WI 53405 $68,500 Dec 2022 1,328 SF
3505 Spg, Racine, WI 53405-1731 $254,000 Dec 2021 1,473 SF
2718 16th, Racine, WI 53405-3514 $56,000 Feb 2021 1,800 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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