811 16Th StMilwaukee, WI 53233

Property Details for 811 16Th St

Year built

1993

Lot size

0.07 AC

Property size (Sq ft)

7,360 SF

Zone code

PD

Property type

Retail properties

Property subtype

Strip malls

APN

390-1188-300

APU

3901188300

Description

This exceptional retail opportunity is located on the vibrant Marquette University campus in Milwaukee County. The property offers a total of 6,258 square feet of leasable space, currently entirely vacant and ready for immediate occupancy. Three individual spaces are available, ranging from a minimum of 1,758 square feet to a maximum contiguous space of 4,500 square feet. This presents a unique chance for businesses seeking high visibility and direct access to a substantial consumer base. The property sits on a 0.11-acre lot, providing ample space for potential outdoor seating or signage. The strategic location within the university campus ensures high foot traffic from the 12,000+ students and faculty members who frequent the area daily. This translates to a readily available and substantial labor pool, further enhancing the property's appeal. The high density of the campus and its strong walkability contribute to a thriving retail environment. This is a rare opportunity to establish a business within a dynamic and densely populated university setting, benefiting from the consistent flow of students, faculty, and staff. The property's size and layout offer flexibility for a variety of retail concepts, making it an ideal location for businesses seeking a high-traffic, captive audience. The entire 6,258 square feet is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,953,535

  6.5%

  $1,803,263

  7%

  $1,674,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,882,971

  Geo Method

  $2,415,773

• Alternative Use

  Use

  Valuation

  Residential

  $1,521,120

  Hospitality

  $1,393,338

  Educational

  $1,159,240

  Medical

  $1,199,109

  Retail

  $1,803,263

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0415

Longitude

-87.9326

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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