7016 76Th StMilwaukee, WI 53223

  • Retail properties
  • 7,170 SF
For Sale
$799,000 View listing

Property Details for 7016 76Th St

Year built
1980
Lot size
1.23 AC
Property size (Sq ft)
7,170 SF
Zone code
IL1
Property type
Retail properties
Property subtype
Auto shops
APN
119-9990-120
APU
1199990120

Description

This exceptional owner-user investment opportunity presents a substantial 8,865 square foot retail building situated on a generous 1.23-acre lot in Brown Deer, Wisconsin. Located at 7016 N 76TH ST, zip code 53223, this property boasts a prime location within Milwaukee County. Constructed in 1980, the building features durable masonry construction and ample parking with 12+ stalls, ensuring convenient access for customers and employees. The property is zoned IL1, offering flexibility for a variety of retail uses. The asking price is $799,000, representing a compelling value for a substantial retail space in a desirable location. This property is ideal for an owner-operator seeking to establish or expand their business in a thriving community. The spacious lot provides potential for future expansion or development, adding further value to this already attractive investment. With its strong location, ample parking, and solid construction, this property presents a rare opportunity for a discerning buyer. The property's size and zoning provide significant potential for a variety of retail businesses. Don't miss this chance to acquire a well-established retail space in a highly sought-after area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,903,104
    6.5%
    $1,756,711
    7%
    $1,631,232
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,834,362
    Geo Method
    $2,353,409
  • Alternative Use

    Use
    Valuation
    Residential
    $1,481,852
    Hospitality
    $1,357,368
    Educational
    $1,129,314
    Medical
    $1,168,153
    Retail
    $1,756,711
7016 76Th St, Milwaukee, Wisconsin

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.1452
Longitude
-88.0048
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
$9,507
$104,900
$294,400
$399,300
-
$104,900
$294,400
$399,300

FAQs

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