Mount Pleasant, WI
Commercial Real Estate Market Trends & Data

$137 Avg asking sale price
$16 Avg asking lease rate
47,433 SF Avg unit lease size
82,098 SF Avg building size for sale
7.30% Average cap rate

Mount Pleasant's Demographic Profile

Mount Pleasant has 12,189 households and a median income of $81,013, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 28,206
# Households 12,189
Median age 46
Median household income $81,013
Avg household size 2.0
Renter-occupied housing units 2,947
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mount Pleasant, WI

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Mount Pleasant $128 22,826 SF 8.99%
Racine $128 22,826 SF 8.99%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Mount Pleasant $119 250,688 SF 8.99%
Racine $85 259,499 SF 8.99%
Nearby Retail Markets Avg Cost/SF Typical Size
Mount Pleasant $88 22,679 SF
Racine $64 24,319 SF
Somers $359 3,708 SF
Caledonia $44 50,718 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mount Pleasant $99 16,437 SF 6.10%
Racine $140 16,437 SF 6.10%
Bay View $221 10,977 SF 6.56%

Commercial Properties For Sale in Mount Pleasant

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Piggly Wiggly | NNN | Mt Pleasant

Racine, WI 53406

  • 40,362 SF Retail Building
  • 7.80% Cap Rate
  • $3,840,000
For Sale

5141 Douglas Ave

Caledonia, WI 53402

  • 86,476 SF Retail Building
  • $3,350,000
For Sale

Lot 1 CSM 3481

Mount Pleasant, WI 53406

  • 1.19 AC Lot
  • 1 Commercial Lot
  • $550,000
For Sale

Restaurant w/Drive-Thru 1780-K-WI-TO

Kenosha, WI 53140

  • 3,004 SF Retail Building
  • $1,000,000
For Sale

Ventura - LaMacchia

Kenosha, WI 53140

  • 3 AC Lot
  • 1 Commercial Lot
  • $329,900
For Sale

National Ave

Racine, WI 53406

  • 4 AC Lot
  • 1 Commercial Lot
  • $749,900

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mount Pleasant pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mount Pleasant $137 82,098 SF
Racine $127 80,987 SF
Sturtevant $147 210,357 SF
Somers $225 12,843 SF
Caledonia $68 52,229 SF

Multifamily Properties For Sale in Mount Pleasant

For Sale

Belle Harbor

Racine, WI 53403

  • 78,748 SF Multifamily
  • 6.10% Cap Rate
  • $11,000,000

Regional Demographic Comparison

This comparison places Mount Pleasant alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mount Pleasant or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Racine 76,393 30,732 36 $49,639 2 14,679 -1%
Sturtevant 6,628 2,063 41 $79,816 2 622 -1%
Somers 9,669 3,805 40 $74,347 2 1,295 2%
Caledonia 24,531 9,865 45 $88,667 2 1,937 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mount Pleasant, WI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mount Pleasant

View All Commercial Real Estate For Sale in Mount Pleasant
Is Mount Pleasant a good market for a first-time commercial real estate investor?

Mount Pleasant offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mount Pleasant?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mount Pleasant. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mount Pleasant?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mount Pleasant. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mount Pleasant compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mount Pleasant. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mount Pleasant acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mount Pleasant, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports