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
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Ryan Rd Oak Creek, WI 53154
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Ryan Rd Oak Creek, WI 53154
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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