907 1St StMilwaukee, WI 53204

Property Details for 907 1St St

Year built

1907

Lot size

0.80 AC

Property size (Sq ft)

46,212 SF

Zone code

IM

Property type

Warehouses

APN

431-0949-111

APU

4310949111

Description

This exceptional three-story retail building, located at 907 S 1st St in Milwaukee, Wisconsin, presents a unique investment opportunity. Boasting 44,433 square feet of space, this historic structure, built in 1907, sits on a 0.803-acre lot (APN 4310949111) and is zoned IM Industrial-Mixed, offering considerable flexibility for future development. The asking price is $2,800,000. The property's prime location in the desirable Walker's Point/Fifth Ward neighborhood is a significant advantage. A key feature is the inclusion of an adjacent parking lot within the sale, addressing a crucial need for retail spaces. The building's three stories above ground present potential for conversion and adaptive reuse, allowing for creative expansion or modification to suit a variety of commercial needs. This historic building offers a blend of character and potential, making it an attractive proposition for investors seeking a substantial property in a thriving Milwaukee neighborhood. The property's size and zoning provide ample opportunity for a range of commercial ventures. The inclusion of the adjacent parking lot further enhances its appeal and practicality. This is a rare chance to acquire a significant piece of Milwaukee's commercial real estate landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $19,212,700

  6.5%

  $17,734,800

  7%

  $16,468,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,506,540

  Geo Method

  $9,630,580

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $8,986,860

  Mixed-Use / Specialty

  $8,870,140

  Hospitality / Lodging

  $6,397,480

  Office

  $8,729,240

  Institutional / Educational

  $9,191,100

  Residential Income

  $10,753,600

  Multifamily

  $13,366,700

  Automotive / Energy

  $7,878,090

  Parking / Income-Based Land

  $2,802,300

  Restaurant / Food Service

  $4,432,700

  Healthcare / Senior Housing

  $9,183,000

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0216

Longitude

-87.9116

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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