175 Ryan RdOak Creek, WI 53154

  • Commercial real estate
  • 3.05 AC
For Sale
$1,100,000 View listing

Property Details for 175 Ryan Rd

Lot size
3.05 AC
Property type
Commercial real estate
APN
906-9009-004
APU
9069009004

Description

This exceptional 3.05-acre commercial land parcel presents a unique development opportunity in Oak Creek, Wisconsin. Located at 175 W Ryan Rd, the property boasts a highly desirable B-4 (Highway Business) zoning designation, offering considerable flexibility for a variety of commercial ventures. The site features an existing full-access drive, ensuring convenient access for both customers and employees. Its strategic location provides excellent visibility and high traffic counts, contributing to strong potential for business success. The property is situated just 1.1 miles from the Ryan Road interchange at I-94, providing easy access to major transportation arteries. Furthermore, the proposed Kenosha Milwaukee Commuter Rail (KRM) project plans a train station at Ryan Road and Howell Avenue, promising enhanced connectivity and increased foot traffic in the near future. The parcel's strong demographic profile adds to its appeal, making it an ideal location for businesses seeking high visibility and a robust customer base. With its prime location, excellent accessibility, and promising future development potential, this 3.05-acre site represents a compelling investment opportunity in a thriving Milwaukee County market. The APN is 9069009004. The asking price for this exceptional property is $1,100,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $80,165,300
    6.5%
    $73,998,800
    7%
    $68,713,100
  • Comparable approach

    Method
    Valuation
    Relative Method
    $50,932,600
    Geo Method
    $50,932,600
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $138,249,000
    Retail / Commercial
    $72,349,300
    Mixed-Use / Specialty
    $73,238,800
    Hospitality / Lodging
    $55,226,800
    Office
    $73,998,800
    Institutional / Educational
    $76,548,900
    Residential Income
    $89,562,200
    Multifamily
    $101,055,000
    Automotive / Energy
    $65,613,300
    Parking / Income-Based Land
    $21,508,800
    Restaurant / Food Service
    $40,540,800
    Healthcare / Senior Housing
    $73,928,400

Location Insight

City
Oak Creek
County
Milwaukee
State
Wisconsin
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,551
$585,300
-
$585,300
-
-
-
$592,600

FAQs

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