6932 27Th StOak Creek, WI 53154

Property Details for 6932 27Th St

Lot size

3.00 AC

Property type

Commercial real estate

APN

737-9992-000

APU

7379992000

Description

This exceptional 3-acre commercial land parcel, located at 6932 S 27th Street in Oak Creek, Wisconsin, presents a remarkable investment opportunity. Zoned B-2, this property offers significant potential for a variety of commercial developments, including retail, office, or hospitality uses. The asking price is $575,000. The property's prime location on highly populated South 27th Street, situated between College Avenue and Rawson Avenue, ensures high visibility and accessibility. This strategic location places the property in close proximity to a thriving commercial corridor, boasting established businesses such as Oscar's Frozen Custard, Lowe's, Goodwill, Menards, Dental Associates, Hobby Lobby, Walmart, Starbucks, Planet Fitness, and Home Depot. The property's easy access to I-94 further enhances its appeal, providing convenient access to regional transportation networks. The controlled intersection adds to the safety and efficiency of traffic flow, benefiting both businesses and customers. The parcel's APN is 7379992000. This 3-acre lot (Milwaukee County, WI, zip code 53154) presents a rare chance to establish a successful venture in a high-demand area. Don't miss this opportunity to capitalize on the strong commercial growth in Oak Creek.

• CAP approach

  CAP return

  Valuation

  6%

  $26,741,900

  6.5%

  $24,684,900

  7%

  $22,921,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,267,000

  Geo Method

  $17,021,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $50,151,200

  Retail / Commercial

  $25,413,400

  Mixed-Use / Specialty

  $25,083,300

  Hospitality / Lodging

  $18,091,000

  Office

  $24,684,900

  Institutional / Educational

  $25,990,900

  Residential Income

  $30,409,400

  Multifamily

  $37,799,000

  Automotive / Energy

  $22,277,900

  Parking / Income-Based Land

  $7,924,440

  Restaurant / Food Service

  $12,534,900

  Healthcare / Senior Housing

  $25,968,000

Location Insight

City

Oak Creek

County

Milwaukee

State

Wisconsin

Latitude

42.9193

Longitude

-87.9481

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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