3935 Howell AveMilwaukee, WI 53207

Property Details for 3935 Howell Ave

Year built

1948

Lot size

0.40 AC

Property size (Sq ft)

6,258 SF

Zone code

LB2

Property type

Turn key restaurants

APN

580-0907-000

APU

5800907000

Description

This exceptional 2,000 square foot banquet hall presents a lucrative leasing opportunity in Milwaukee's vibrant Bay View/Tippecanoe neighborhood. Located on a 0.4-acre lot at 3935 S Howell Avenue, this high-visibility property boasts convenient access to major thoroughfares, placing it just blocks from the freeway and in close proximity to the airport. The expansive space comfortably accommodates up to 100 guests, making it ideal for a wide range of events, including weddings, showers, corporate gatherings, and more. Its prime location ensures high traffic and excellent visibility, attracting a substantial clientele. The property also features a large, convenient parking lot, eliminating parking hassles for attendees. This is a remarkable chance to secure a well-situated and versatile event space in a thriving Milwaukee community. The asking lease price is $2000. Serious inquiries are encouraged. The property is zoned for general commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,661,036

  6.5%

  $1,533,264

  7%

  $1,423,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,601,037

  Geo Method

  $2,054,063

• Alternative Use

  Use

  Valuation

  Residential

  $1,293,365

  Hospitality

  $1,184,716

  Educational

  $985,670

  Medical

  $1,019,568

  Retail

  $1,533,264

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9728

Longitude

-87.91

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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