1320 1St StMilwaukee, WI 53204

Property Details for 1320 1St St

Year built

2016

Lot size

2.07 AC

Property size (Sq ft)

83,827 SF

Zone code

PD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

431-1303-000

APU

4311303000

Description

This exceptional Class A retail property, Freshwater Plaza, located at 1320 S 1st St, Milwaukee, WI 53204, offers multiple spaces for lease in Milwaukee County. The total building size is 5,788 square feet, with a minimum divisible space of 2,213 square feet and a maximum contiguous space of 2,462 square feet. Currently, 4,675 square feet are vacant, presenting a significant opportunity for new tenants. The property is ideally situated within walking distance of the new $285 million Komatsu headquarters, employing 600 people, and directly adjacent to Rockwell Automation, ensuring high foot traffic and visibility. This ground floor retail space benefits from its location beneath the Freshwater apartment complex, a 76-unit fully occupied building, providing a built-in customer base. The property is categorized as Commercial and Salon space, making it suitable for a variety of retail businesses. This is a rare opportunity to secure prime retail space in a thriving Milwaukee location with exceptional access to a large and established workforce. The property's convenient location and high-quality construction make it an attractive investment for businesses seeking a strong presence in a dynamic market. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $18,768,590

  6.5%

  $17,324,852

  7%

  $16,087,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,191,095

  Geo Method

  $16,923,624

• Alternative Use

  Use

  Valuation

  Residential

  $17,324,852

  Hospitality

  $15,869,472

  Educational

  $13,203,214

  Medical

  $13,657,293

  Retail

  $20,538,334

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0175

Longitude

-87.9104

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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