1428 Farwell AveMilwaukee, WI 53202

Property Details for 1428 Farwell Ave

Year built

1914

Lot size

0.14 AC

Property size (Sq ft)

10,504 SF

Zone code

LB2

Property type

Office properties

Property subtype

Office buildings

APN

359-0196-000

APU

3590196000

Description

This exceptional 10,504-square-foot retail storefront, located at 1428 N Farwell Ave in Milwaukee, Wisconsin, presents a unique investment opportunity. Built in 1914 and renovated in 2020, this two-story building sits on a 0.14-acre lot (APN 3590196000) and boasts a rich history. Currently configured as three separate spaces with individual entrances, the property previously served as a medical facility, with much of the original infrastructure still in place. Two additional units are suitable for office use. The building's original character and architecture, including its origins as a turn-of-the-century auditorium, have been meticulously preserved. Zoned LB2, this property offers immense potential for a variety of uses. Its prime location in Milwaukee's desirable Farwell corridor is further enhanced by its proximity to one of the few gas stations on the east side. The asking price is $1,000,000, translating to $95.20 per square foot. This is a rare chance to acquire a landmark property in a thriving area. The building consists of one structure with two units.

• CAP approach

  CAP return

  Valuation

  6%

  $1,896,622

  6.5%

  $1,750,728

  7%

  $1,625,676

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,066,400

  Geo Method

  $1,368,146

• Alternative Use

  Use

  Valuation

  Residential

  $2,170,902

  Hospitality

  $1,988,535

  Educational

  $1,654,438

  Medical

  $1,711,336

  Retail

  $2,573,570

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0485

Longitude

-87.8962

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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