8751 Howell AveOak Creek, WI 53154

Property Details for 8751 Howell Ave

Lot size

0.81 AC

Property type

Commercial real estate

APN

859-9995-000

APU

8599995000

Description

This exceptional retail opportunity in Oak Creek, Milwaukee County, presents a prime location for businesses seeking flexible space in a brand-new development. The property offers a total of 9,937 square feet of retail space, with a single, contiguous space currently available ranging from 1,500 to 7,600 square feet. This allows for significant adaptability to suit various business needs and expansion plans. The minimum divisible space is 1,500 square feet, providing an excellent entry point for smaller businesses, while the maximum contiguous space of 7,600 square feet caters to larger enterprises. The entire vacant space totals 7,600 square feet, offering a substantial opportunity for a single tenant or the potential for division among multiple tenants. The property is classified as both retail and land, suggesting potential for further development or expansion. A 10-year lease term is available, and build-out negotiations are welcome, providing flexibility for tenant improvements. The property's location within Milwaukee County offers excellent access to transportation networks and a strong consumer base. Contact us to discuss lease rates and explore this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,264,810

  6.5%

  $6,705,980

  7%

  $6,226,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,604,170

  Geo Method

  $4,624,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,624,200

  Retail / Commercial

  $6,903,890

  Mixed-Use / Specialty

  $6,814,220

  Hospitality / Lodging

  $4,914,680

  Office

  $6,705,980

  Institutional / Educational

  $7,060,790

  Residential Income

  $8,261,130

  Multifamily

  $10,268,600

  Automotive / Energy

  $6,052,110

  Parking / Income-Based Land

  $2,152,780

  Restaurant / Food Service

  $3,405,290

  Healthcare / Senior Housing

  $7,054,570

Location Insight

City

Oak Creek

County

Milwaukee

State

Wisconsin

Latitude

42.8854

Longitude

-87.9124

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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