6042 Packard AveCudahy, WI 53110

Property Details for 6042 Packard Ave

Year built

1995

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.49 AC

Property size (Sq ft)

2,592 SF

Zone code

B-2PUD

Property type

Banks

APN

682-9909-002

APU

6829909002

Description

This exceptional 5,023-square-foot retail space, formerly a bank branch, presents a unique investment opportunity in Cudahy, Wisconsin. Located at 6042 S Packard Ave, 53110, this property boasts a highly visible location with three convenient points of access along Packard Avenue. The building features prominent signage, including a double-sided monument sign, ensuring maximum brand exposure. The interior layout, reflective of its previous use as a bank, offers a versatile floor plan adaptable to a variety of retail uses. The asking price is $600,000, translating to $119.45 per square foot. The property is zoned G2, providing flexibility for potential tenants and business ventures. Its strategic location in Milwaukee County offers easy access to major transportation routes and a thriving local community. This is an ideal opportunity for investors seeking a high-visibility retail space with significant potential for return. The property's previous assessed value is not relevant to the current asking price. The building's prime location and existing infrastructure make it a ready-to-occupy space, minimizing upfront investment costs for prospective buyers. This is a rare chance to acquire a well-situated retail property in a desirable Wisconsin location.

• CAP approach

  CAP return

  Valuation

  6%

  $546,072

  6.5%

  $504,067

  7%

  $468,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,674

  Geo Method

  $351,112

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $994,734

  Mixed-Use / Specialty

  $497,520

  Hospitality / Lodging

  $358,831

  Office

  $489,617

  Institutional / Educational

  $515,523

  Residential Income

  $603,162

  Multifamily

  $749,731

  Automotive / Energy

  $441,877

  Parking / Income-Based Land

  $157,179

  Restaurant / Food Service

  $248,627

  Healthcare / Senior Housing

  $515,068

Location Insight

City

Cudahy

County

Milwaukee

State

Wisconsin

Latitude

42.9346

Longitude

-87.8604

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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