1031 National AveMilwaukee, WI 53204

Property Details for 1031 National Ave

Year built

1870

Lot size

0.08 AC

Property size (Sq ft)

2,562 SF

Zone code

LB2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

432-0863-000

APU

4320863000

Description

This exceptional mixed-use property, located at 1033 W National Ave in Milwaukee, Wisconsin, presents a unique investment opportunity. The 2,562 square foot building sits on commercial land in the vibrant Walkers Point neighborhood, a historically diverse and thriving area. Currently configured as a recording studio on the ground floor and a spacious apartment above, this property offers flexibility for a variety of uses. The upper-level apartment boasts a generous kitchen, a large bathroom, in-unit laundry, and a private back yard deck. The commercial space is ideal for a variety of businesses. A four-car tandem garage provides ample parking. The building features separate utilities for the commercial and residential spaces, including two furnaces and two air conditioning units. High ceilings (11 feet) add to the spacious feel. The building's exterior is primarily brick, with wood storefront windows. Conveniently located with easy access to the highway and lakefront, this property is situated within the Walkers Point development project, offering significant potential for appreciation. The asking price is $368,000.

• CAP approach

  CAP return

  Valuation

  6%

  $462,600

  6.5%

  $427,015

  7%

  $396,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $260,102

  Geo Method

  $333,700

• Alternative Use

  Use

  Valuation

  Residential

  $529,498

  Hospitality

  $485,018

  Educational

  $403,529

  Medical

  $417,407

  Retail

  $627,712

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.023

Longitude

-87.9249

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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