3636 124 StWauwatosa, WI 53222

  • Commercial real estate
  • 12,622 SF
For Sale
$1,425,000 View listing

Property Details for 3636 124 St

Property size (Sq ft)
12,622 SF
Property type
Commercial real estate
APN
258-0002-14
APU
258000214

Description

This exceptional 18,591 square foot executive office building, located at 3636 N 124th Street in Wauwatosa, Wisconsin, presents a compelling owner-user investment opportunity. Situated on a 1.04-acre lot, the property boasts 68 parking spaces and is zoned C2 General Commercial, offering significant flexibility. Built in 1984, the building has undergone recent significant improvements, including a new roof in 2021 and major HVAC repairs completed in the same year. The property features a multi-tenant occupancy arrangement. The asking price is $1,425,000, translating to a price per square foot of $76.65. The current owner leases the first and second floors until March 31, 2026, generating a fixed annual gross income of $157,982.40. This provides a strong potential for immediate cash flow and future development. The property's prime location in Wauwatosa, Milwaukee County, Wisconsin (zip code 53222), offers easy access to major transportation routes and amenities. The property's APN is 258-0002-014. This is an ideal opportunity for an investor seeking a well-maintained, income-producing asset with significant upside potential. The lease is a modified type.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,608,638
    Hospitality
    $2,389,498
    Educational
    $1,988,034
    Medical
    $2,056,406
    Retail
    $3,092,498

Location Insight

City
Wauwatosa
County
Milwaukee
State
Wisconsin
Latitude
43.0848
Longitude
-88.0656
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
2022
$31,224
$816,300
$619,200
$1,435,500
-
-
-
$1,701,200

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