5140 3Rd StMilwaukee, WI 53207

  • Industrial properties
  • 36,020 SF
For Lease
$5.75/SF/YR View listing

Property Details for 5140 3Rd St

Year built
1978
Lot size
1.73 AC
Property size (Sq ft)
36,020 SF
Zone code
IL1
Property type
Industrial properties
Property subtype
Other warehouses
APN
641-0052-000
APU
6410052000

Description

This Milwaukee industrial property, located at 5140 S. 3rd St., offers a versatile space ideal for various businesses. The property comprises two buildings totaling approximately 7,200 square feet, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 14,400 square feet. Currently, 2,400 square feet of vacant space is available, including approximately 4,800 square feet of warehouse space in one building and approximately 2,400 square feet of office space on the second floor of the other. Built in 1978, the two-story buildings feature 18'-19' ceiling heights, one drive-in door, and ample parking with 33 spaces. The property is conveniently located in Milwaukee County, near the intersection of S. 3rd St. and Edgerton Ave, just two miles from the I-94 & 894 on-ramp and one mile from General Mitchell International Airport. The zoning is IL1. Power details are to be verified. This multi-tenant property presents a unique opportunity for businesses seeking flexible and strategically located industrial space in Milwaukee.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,444,394
    Hospitality
    $6,819,024
    Educational
    $5,673,348
    Medical
    $5,868,464
    Retail
    $8,825,209
5140 3Rd St, Milwaukee, Wisconsin

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
42.9509
Longitude
-87.9136
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$38,929
$189,900
$1,445,100
$1,635,000
-
$189,900
$1,445,100
$1,635,000

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