6331 13Th StMilwaukee, WI 53221

Property Details for 6331 13Th St

Year built

1967

Lot size

4.51 AC

Property size (Sq ft)

103,449 SF

Zone code

LB1

Property type

Hotels

Property subtype

Motels

APN

716-9999-110

APU

7169999110

Description

This 103,449-square-foot hotel, a former Days Inn & Suites, presents a significant redevelopment opportunity. Located in Milwaukee, Wisconsin, at 6331 South 13th Street, this three-story, 147-room property sits on a 5.02-acre lot and is zoned LB1. Built in 1967 and renovated in 2021, the hotel features an indoor pool and fitness center. Individual rooms include air conditioning. Currently not operating, the property requires substantial renovation to reopen. A key advantage is the presence of a currently operating Cafe 94 Indian Fusion restaurant and bar on the premises. The strategic location offers excellent access to Interstate 94 and is only three miles from General Mitchell International Airport, providing convenient access for travelers. Furthermore, the hotel is within a 15-minute drive of Marquette University and seven miles from Boerner Botanical Gardens. Downtown Milwaukee, home to attractions such as Discovery World, the Pabst Theater, and the Milwaukee Panther Arena, is approximately ten miles away. The asking price for this property is $5,900,000. Broker co-op is available.

• CAP approach

  CAP return

  Valuation

  6%

  $15,514,700

  6.5%

  $14,321,200

  7%

  $13,298,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,927,100

  Geo Method

  $11,453,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $39,700,700

  Retail / Commercial

  $20,117,800

  Mixed-Use / Specialty

  $19,856,500

  Office

  $19,541,000

  Institutional / Educational

  $20,575,000

  Residential Income

  $24,072,700

  Multifamily

  $29,922,400

  Automotive / Energy

  $17,635,700

  Parking / Income-Based Land

  $6,273,150

  Restaurant / Food Service

  $9,922,920

  Healthcare / Senior Housing

  $20,556,800

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9292

Longitude

-87.9314

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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