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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Investment properties

    2983 Lawrence Dr, De Pere, WI 54115-9415

    3,038 SF 1.27 ac lot Built 1928
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US92-0863553
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 2983 Lawrence Dr in De Pere, Wisconsin (zip code 54115), presents a unique investment opportunity. The property consists of two buildings on a 1.3-acre lot, zoned for commercial use. The main building, a 4,000 square foot, two-story structure, houses Mack's Pub and Grill, a turnkey restaurant operation. The bar area features two workstations, a point-of-sale system, a full kitchen equipped with a hood and pizza oven, and ample cooler space. The asking price is $650,000, translating to $162.50 per square foot. The second floor includes a spacious, approximately 1,300 square foot, two-bedroom apartment, ideal for rental income or owner occupancy. A separate 2,000 square foot storage building provides additional space. The property enjoys a prime location at the intersection of Interstate 41 and Lawrence Drive in the desirable Town of Lawrence, offering excellent visibility and accessibility. Ample parking is available. This owner/user opportunity combines a thriving restaurant business with significant rental income potential, making it an attractive investment in a high-demand location. The property is classified as Class C with multi-tenancy.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1928
    Construction FRAME
    Total area 3,038 SF
    Lot 1.27 ac (55,191 SF)
    APN L 35-1
    UPID US92-0863553
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mack's Pub and Grill Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $625k
    CAP Approach CAP
    $585k
    Comparable Approach Comparable
    $452k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Wendy Alvarez · 1 yrs held
    Wendy Alvarez
    since 2024
    Last sale
    $625,000
    4 recorded transactions
    2024
    $625,000
    2020
    2018
    $315,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $400,000 +27.7%
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