For Sale
$750,000

907 84Th StWest Allis, WI 53214

High-yield, redeveloppable West Allis property.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use investment opportunity in West Allis, Wisconsin, presents a compelling chance for owner-users or developers. Located at 907 S 84th St, this property boasts a prime location near the State Fair Park, offering high visibility and convenient access. The 0.79-acre lot encompasses two buildings, each two stories, totaling 5,000 net rentable square feet. Currently operating as a thriving bar (El Sagitario) with additional rental units, the property generates a substantial NOI of $73,000, representing a strong 9.73% cap rate. The asking price is $750,000. The property includes 55 parking spaces in a separate lot, plus a three-car garage, adding further value. Built in 1939, the property is zoned commercial and offers significant redevelopment potential. The current tenant mix includes two tenants, and the property is sold as-is. The seller is motivated and retiring, making this a unique opportunity to acquire a well-situated, income-producing asset with considerable upside. The property's proximity to the State Fair Park provides excellent visibility and potential for increased foot traffic. This is a rare chance to acquire a mixed-use property with strong cash flow and significant redevelopment potential in a desirable location.

Highlights

  • Prime location with high visibility.
  • Excellent proximity to the State Fair Park.
  • Ideal for adaptive reuse and redevelopment opportunities.

Property Details for 907 84Th St

Property type
Retail properties, Restaurants
Square Feet
4,000 SF
Class
C
Year Built
1939
Buildings
2
Stories
2
Lot Size (sq. ft)
34,412 SF

Location Insight

City
West Allis
County
Milwaukee
State
Wisconsin
Latitude
43.021702019779
Longitude
-88.017393648026
907 84Th St, West Allis, Wisconsin

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907 84Th St
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