5140 3Rd StMilwaukee, WI 53207

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $14,975,400

  6.5%

  $13,823,400

  7%

  $12,836,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,850,980

  Geo Method

  $7,506,570

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,004,820

  Mixed-Use / Specialty

  $6,913,840

  Hospitality / Lodging

  $4,986,530

  Office

  $6,804,020

  Institutional / Educational

  $7,164,020

  Residential Income

  $8,381,900

  Multifamily

  $10,418,700

  Automotive / Energy

  $6,140,580

  Parking / Income-Based Land

  $2,184,250

  Restaurant / Food Service

  $3,455,070

  Healthcare / Senior Housing

  $7,157,700

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

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