2972 13Th StMilwaukee, WI 53215

Property Details for 2972 13Th St

Year built

1915

Lot size

0.17 AC

Property size (Sq ft)

13,752 SF

Zone code

LB2

Property type

Retail space

Property subtype

Storefront properties

APN

507-1020-000

APU

5071020000

Description

This exceptional commercial property, located at 2972 S 13th STREET Unit 2974 in Milwaukee, Wisconsin, offers 13,752 square feet of versatile space on a 0.17-acre lot. Its prime location on a high-traffic section of 13th Street ensures excellent visibility and exposure, making it ideal for a variety of businesses. Currently operating as a liquidation/bargain store, the property presents numerous redevelopment possibilities. The existing structure includes a ground floor, a full second floor, and a full basement, offering ample room for expansion or modification. The property features a convenient overhead door at the rear, facilitating easy loading and unloading. Potential uses are extensive and include, but are not limited to, warehouse space, office space, retail space, or even a furniture store. Detailed blueprints are available for a potential multi-apartment conversion, showcasing the property's adaptability and significant future development potential. The asking price for this substantial commercial property is $6,500. This is a rare opportunity to acquire a well-situated, large-scale commercial property with significant upside potential in a thriving Milwaukee location. The seller is also considering selling the existing business. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,650,138

  6.5%

  $3,369,358

  7%

  $3,128,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,518,290

  Geo Method

  $4,513,819

• Alternative Use

  Use

  Valuation

  Residential

  $2,842,180

  Hospitality

  $2,603,421

  Educational

  $2,166,016

  Medical

  $2,240,508

  Retail

  $3,369,358

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9903

Longitude

-87.9284

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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