729 Historic Mitchell StMilwaukee, WI 53204

Property Details for 729 Historic Mitchell St

Year built

1890

Lot size

0.08 AC

Property size (Sq ft)

6,464 SF

Zone code

LB2

Property type

Investment properties

Property subtype

Live-work space

APN

461-0542-000

APU

4610542000

Description

This exceptional 3,232 square foot retail space, located at 729 W Historic Mitchell St in Milwaukee, Wisconsin, presents a unique investment opportunity. Built in 1890, the property boasts a rich history and is zoned for commercial use within Milwaukee County. The single-tenant building is currently vacant, offering immediate occupancy for a discerning buyer. Ideal for a cafe or storefront operation, the space provides ample room for a variety of businesses. The property's prime location on Historic Mitchell Street offers high visibility and accessibility, ensuring significant foot traffic and potential customer reach. The building's substantial size allows for creative layout options to suit diverse business needs. With its blend of historical charm and modern commercial viability, this property represents a rare chance to establish a thriving business in a vibrant Milwaukee neighborhood. The 53204 zip code offers convenient access to major transportation routes and a diverse customer base. This is a single-tenant building, offering a streamlined and efficient operational structure. The property's size and location make it an attractive proposition for a variety of retail or restaurant concepts. The building's age adds character and potential for unique branding opportunities. Serious inquiries are encouraged to explore this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,167,152

  6.5%

  $1,077,371

  7%

  $1,000,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $656,246

  Geo Method

  $841,936

• Alternative Use

  Use

  Valuation

  Residential

  $1,335,940

  Hospitality

  $1,223,714

  Educational

  $1,018,116

  Medical

  $1,053,130

  Retail

  $1,583,735

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0121

Longitude

-87.9209

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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