211 Ryan RdOak Creek, WI 53154

Property Details for 211 Ryan Rd

Lot size

1.77 AC

Zone code

RESIDENTIAL:1 FAMILY

Property type

Commercial real estate

APN

907-9986-000

APU

9079986000

Description

This exceptional 4.62-acre commercial land parcel, located at 211 & 225 E Ryan Rd in Oak Creek, Wisconsin (zip code 53154), presents a unique investment opportunity. The property boasts RS-3 & B-4 zoning, offering considerable development flexibility. With tax key numbers 9079986000 and 9079987000, the combined assessed value is $177,900, and the 2023 combined property taxes totaled $3,134.48. The asking price for this strategically located land is $690,000. A significant advantage is its proximity to a coach bus line with six daily runs between Chicago and Milwaukee, featuring a stop directly in front of the property. Furthermore, the planned Kenosha Racine Milwaukee Commuter Rail (KRM) project includes a proposed train station at the intersection of Ryan Road and Howell Avenue, promising increased accessibility and potential for future development. This prime location in Milwaukee County offers exceptional potential for various commercial ventures. The property's size and zoning regulations provide ample opportunity for a wide range of commercial developments, capitalizing on the convenient location and future transportation improvements.

• CAP approach

  CAP return

  Valuation

  6%

  $15,795,500

  6.5%

  $14,580,500

  7%

  $13,539,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,836,370

  Geo Method

  $10,053,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $29,622,500

  Retail / Commercial

  $15,010,800

  Mixed-Use / Specialty

  $14,815,800

  Hospitality / Lodging

  $10,685,700

  Office

  $14,580,500

  Institutional / Educational

  $15,351,900

  Residential Income

  $17,961,700

  Multifamily

  $22,326,500

  Automotive / Energy

  $13,158,800

  Parking / Income-Based Land

  $4,680,680

  Restaurant / Food Service

  $7,403,940

  Healthcare / Senior Housing

  $15,338,400

Location Insight

City

Oak Creek

County

Milwaukee

State

Wisconsin

Latitude

42.871

Longitude

-87.9107

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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