3333 Howell AveMilwaukee, WI 53207

Property Details for 3333 Howell Ave

Lot size

1.07 AC

Zone code

LB2

Property type

Medical offices

Property subtype

Medical space

APN

538-0914-113

APU

5380914113

Description

This exceptional single-story retail building, located at 3333 S Howell Ave in Milwaukee, Wisconsin, presents a unique investment opportunity. Boasting 30,670 square feet (20,700 square feet on the first floor and 9,970 square feet of finished lower level), this property sits on a 1.059-acre lot and is zoned LB2. Built in 1969 and extensively renovated in 2013, the building offers modern amenities including a therapy pool, an attractive outdoor courtyard, and a backup generator. The property features full ADA accessibility, ample restrooms, and modern automated building control systems. The building's infrastructure includes gas and electric service from WE Energies, municipal water and sewer, and AT&T broadband/telephony. Multiple 3-phase/4-wire service panels provide ample power (125 to 400 amps per panel). The property is currently configured as a single-tenant space, offering flexibility for a variety of uses, including daycare, educational facilities, healthcare, or adaptive reuse. The asking price is $1,950,000 ($63.58 per square foot). The sale is as-is, where-is, with no post-closing warranties or representations from the seller, and no deed restrictions. Limited on-site surface parking is available. An unfinished 1,630 square foot attic area is excluded from the total square footage. This property offers phenomenal value at a fraction of replacement cost.

• CAP approach

  CAP return

  Valuation

  6%

  $9,537,920

  6.5%

  $8,804,230

  7%

  $8,175,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,731,890

  Geo Method

  $6,070,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,887,200

  Retail / Commercial

  $9,064,060

  Mixed-Use / Specialty

  $8,946,340

  Hospitality / Lodging

  $6,452,440

  Institutional / Educational

  $9,270,060

  Residential Income

  $10,846,000

  Multifamily

  $13,481,600

  Automotive / Energy

  $7,945,770

  Parking / Income-Based Land

  $2,826,370

  Restaurant / Food Service

  $4,470,780

  Healthcare / Senior Housing

  $9,261,890

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9841

Longitude

-87.9065

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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