8690 27Th StOak Creek, WI 53154

Property Details for 8690 27Th St

Lot size

1.81 AC

Property type

Commercial real estate

APN

831-0224-000

APU

8310224000

Description

This exceptional 1.8-acre commercial land parcel, located at 8690 S 27th Street in Oak Creek, Wisconsin, presents a compelling development opportunity. Zoned B-4, this property boasts high visibility with approximately 12,800 cars passing daily, according to the Wisconsin Department of Transportation data. Its strategic location offers convenient access to major transportation arteries, being within approximately 1.8 miles of the I-43/I-94/41 interchange. The property sits on a corner lot at a lighted intersection, ensuring maximum exposure for any future development. The asking price is $699,000. The parcel's size provides ample space for a variety of commercial ventures. Proximity to Drexel Town Square provides access to established retail and residential areas, enhancing the property's potential. The property's APN is 8310224000. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Milwaukee County, Wisconsin, with a 53154 zip code. The property's latitude and longitude coordinates are 42.8643354 and -87.913867 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $16,107,600

  6.5%

  $14,868,500

  7%

  $13,806,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,991,190

  Geo Method

  $10,252,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $30,207,700

  Retail / Commercial

  $15,307,300

  Mixed-Use / Specialty

  $15,108,500

  Hospitality / Lodging

  $10,896,800

  Office

  $14,868,500

  Institutional / Educational

  $15,655,200

  Residential Income

  $18,316,600

  Multifamily

  $22,767,600

  Automotive / Energy

  $13,418,800

  Parking / Income-Based Land

  $4,773,160

  Restaurant / Food Service

  $7,550,220

  Healthcare / Senior Housing

  $15,641,400

Location Insight

City

Oak Creek

County

Milwaukee

State

Wisconsin

Latitude

42.8878

Longitude

-87.95

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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