729 Historic Mitchell StMilwaukee, WI 53204

  • Mixed-use properties
  • 6,464 SF
For Sale
$550,000 View listing

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
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
729 Historic Mitchell St, Milwaukee, Wisconsin

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

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
$5,029
$10,800
$200,400
$211,200
-
$10,800
$200,400
$211,200

FAQs

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