8088 27Th StOak Creek, WI 53154

Property Details for 8088 27Th St

Lot size

4.14 AC

Property type

Commercial real estate

APN

810-9979-000

APU

8109979000

Description

This exceptional 4.15-acre parcel, located at 8088 S 27th St in Oak Creek, Wisconsin, presents a prime opportunity for multi-family development. The property boasts a highly desirable location, offering excellent freeway access and proximity to major retail destinations, including IKEA and the Northwestern Mutual campus. The parcel's APN is 8109979000, and its zoning is a blend of B4 and RS2 classifications, providing flexibility for various development plans. The address is conveniently situated in Milwaukee County, Wisconsin, with a zip code of 53154. The geographic coordinates are 42.8982397 latitude and -87.9496084 longitude. Future land use designations specifically support multi-family residential construction, making this an ideal site for investors seeking to capitalize on the strong demand for housing in this thriving area. The significant lot size allows for substantial development potential, catering to a range of project scales and designs. This property's strategic location and zoning make it a compelling investment opportunity for developers looking to create a successful multi-family residential community. The high traffic volume of the nearby retail corridor ensures strong visibility and accessibility for future residents. This is a rare chance to acquire a large, well-situated parcel ready for immediate development.

• CAP approach

  CAP return

  Valuation

  6%

  $36,877,200

  6.5%

  $34,040,500

  7%

  $31,609,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,295,300

  Geo Method

  $23,472,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $69,158,500

  Retail / Commercial

  $35,045,100

  Mixed-Use / Specialty

  $34,589,900

  Hospitality / Lodging

  $24,947,600

  Office

  $34,040,500

  Institutional / Educational

  $35,841,600

  Residential Income

  $41,934,600

  Multifamily

  $52,124,800

  Automotive / Energy

  $30,721,300

  Parking / Income-Based Land

  $10,927,800

  Restaurant / Food Service

  $17,285,700

  Healthcare / Senior Housing

  $35,810,000

Location Insight

City

Oak Creek

County

Milwaukee

State

Wisconsin

Latitude

42.898

Longitude

-87.9483

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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