1011 Madison AveSouth Milwaukee, WI 53172

Property Details for 1011 Madison Ave

Lot size

0.25 AC

Property type

Commercial real estate

APN

771-0155-000

APU

7710155000

Description

This exceptional 17,940-square-foot industrial property, located at 1011 Madison Avenue in South Milwaukee, Wisconsin, presents a unique investment opportunity. Situated on a 0.248-acre lot within the C-3 Central Business District zoning, this mixed-use building offers significant flexibility. Built in 1950, the structure boasts a substantial 14-foot ceiling height, ideal for a variety of industrial, manufacturing, or flex-space uses. The building's prime location ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving commercial area. The asking price is $575,000. This property is zoned for C-3 Central Business District use, providing a wide range of potential applications. The substantial square footage and versatile zoning make this an excellent opportunity for businesses seeking a strategically located and adaptable industrial space in the heart of South Milwaukee. The property's address is 1011 Madison Avenue, South Milwaukee, WI 53172. Its convenient location and ample space offer significant potential for growth and profitability. The combination of size, zoning, and location makes this a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $2,209,870

  6.5%

  $2,039,880

  7%

  $1,894,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,096,350

  Geo Method

  $1,406,570

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,144,340

  Retail / Commercial

  $2,100,080

  Mixed-Use / Specialty

  $2,072,810

  Hospitality / Lodging

  $1,494,990

  Office

  $2,039,880

  Institutional / Educational

  $2,147,810

  Residential Income

  $2,512,940

  Multifamily

  $3,123,590

  Automotive / Energy

  $1,840,980

  Parking / Income-Based Land

  $654,852

  Restaurant / Food Service

  $1,035,850

  Healthcare / Senior Housing

  $2,145,920

Location Insight

City

South Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9095

Longitude

-87.8616

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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