3323 Vera AveMilwaukee, WI 53209

Property Details for 3323 Vera Ave

Year built

1984

Lot size

0.35 AC

Property size (Sq ft)

5,760 SF

Zone code

IM

Property type

Auto shops

APN

124-9993-100

APU

1249993100

Description

This exceptional industrial warehouse, located at 3323 W Vera Avenue in Milwaukee, Wisconsin, presents a compelling investment opportunity for owner-users. The property boasts a spacious 5,760 square feet of net rentable space within a single-story building situated on a 0.35-acre lot. Ample parking is available on-site. The warehouse features four convenient drive-in doors, facilitating efficient loading and unloading operations. Internal improvements include a small office and a bathroom, providing essential workspace and amenities. The property is currently vacant, offering immediate occupancy for the new owner. Priced at $299,900, this translates to a price per square foot of $52.07. The property is classified as Class C and is conveniently located near Teutonia Avenue, providing easy access to major transportation routes. This warehouse is perfectly suited for a variety of industrial uses, making it an attractive option for businesses seeking a functional and well-located space. The property's size and features make it an excellent choice for an owner-user seeking to establish or expand their operations in the Milwaukee area. The 53209 zip code offers access to a robust local economy and workforce. This is a rare opportunity to acquire a well-positioned industrial property at an attractive price point.

• CAP approach

  CAP return

  Valuation

  6%

  $1,213,490

  6.5%

  $1,120,150

  7%

  $1,040,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $608,164

  Geo Method

  $780,250

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,210,520

  Mixed-Use / Specialty

  $1,105,600

  Hospitality / Lodging

  $797,401

  Office

  $1,088,040

  Institutional / Educational

  $1,145,610

  Residential Income

  $1,340,360

  Multifamily

  $1,666,070

  Automotive / Energy

  $981,948

  Parking / Income-Based Land

  $349,287

  Restaurant / Food Service

  $552,505

  Healthcare / Senior Housing

  $1,144,600

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.1434

Longitude

-87.9539

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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