2007 Capitol DrMilwaukee, WI 53206

Property Details for 2007 Capitol Dr

Year built

1950

Lot size

0.10 AC

Property size (Sq ft)

2,474 SF

Zone code

LB2

Property type

Office buildings

APN

270-0318-000

APU

2700318000

Description

This 2,474 square foot mixed-use commercial building in Milwaukee, WI, presents a compelling investment opportunity. Located at 2007 W Capitol Dr, this 1950-built property sits on a 0.1-acre lot and boasts a spacious brick structure. The main floor features a commercial unit currently occupied by an established tenant, including a front office, lobby, half bath, private office, and two additional rooms. Upstairs, a turnkey apartment is ready for immediate owner occupancy or rental, featuring an updated eat-in kitchen with newer cabinets and countertops, a living room with fireplace, a full bath, and two large bedrooms. Recent improvements include a new roof (March 2023), upstairs window replacements (2022), a new upstairs furnace (2019), and updated chimney flashing. Heating is provided by forced air with central air conditioning upstairs and boiler heat for the commercial unit. A full basement includes a sump pump, circuit panels, and a bonus office space. A one-car detached brick garage with a newer door and electric door opener completes the property. The property's convenient location and visibility make it ideal for a variety of uses. 2022 property taxes were $2,886. This quality property offers significant potential for income and appreciation. The MLS number is 1846839.

• CAP approach

  CAP return

  Valuation

  6%

  $446,710

  6.5%

  $412,348

  7%

  $382,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $251,168

  Geo Method

  $322,238

• Alternative Use

  Use

  Valuation

  Residential Income

  $511,311

  Hospitality / Lodging

  $468,358

  Institutional / Educational

  $389,669

  Healthcare / Senior Housing

  $403,070

  Retail / Commercial

  $606,151

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0894

Longitude

-87.9375

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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