3101 Delaware AveMilwaukee, WI 53207

Property Details for 3101 Delaware Ave

Year built

1936

Lot size

0.12 AC

Property size (Sq ft)

6,420 SF

Zone code

LB2

Property type

Office properties

Property subtype

Office buildings

APN

541-0709-000

APU

5410709000

Description

This exceptional 3,000-square-foot retail space, located at 3101 S Delaware, offers a unique opportunity in the desirable Bay View submarket. Built in 1936 and situated across from Oklahoma Ave, this two-story building is zoned LB2, providing versatility for a range of businesses. Currently vacant, the space boasts a flexible layout previously configured as a chiropractic office, featuring a reception area, five private rooms, and a larger open area. This allows for adaptability to suit various needs. The property is easily divisible, accommodating tenants requiring spaces as small as 1,200 square feet or up to a contiguous 3,000 square feet. The modified gross lease structure is straightforward: tenants are responsible for separately metered utilities, a proportional share of the water bill, and sidewalk snow removal. This prime location, combined with its adaptable layout and convenient lease terms, makes this property an ideal choice for a variety of businesses seeking a well-established presence in the vibrant Bay View area. The building's history and character offer a unique charm, while the modern layout provides the functionality needed for today's businesses. Don't miss this chance to secure a prominent space in a thriving neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,159,207

  6.5%

  $1,070,037

  7%

  $993,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $651,779

  Geo Method

  $836,205

• Alternative Use

  Use

  Valuation

  Residential

  $1,326,846

  Hospitality

  $1,215,384

  Educational

  $1,011,185

  Medical

  $1,045,962

  Retail

  $1,572,955

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9879

Longitude

-87.8773

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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