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2678 South 108th Street West Allis, WI 53227

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For Sale
$3,921,569

Opportunity to acquire a well established Chase Bank location in West Allis, WI

Property size:
2,798 SF
Lot size:
0.88 Acres
Added:
Jan 27, 2025
Days on Market:
447
Last Refresh:
Mar 16 at 9:06 am

Property Features for 2678 South 108th Street

General Information

Standard status
Active
Property type
Bank owned properties, Other investment properties, Investment properties
Size
2,798 SF
Elevators
N/A
Lot size
0.88 Acres

Building Details

Buildings
1
Stories
1
Units
1

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Listing Contact
Jason Denham

Listing agent Jason

Listing office

Listing date Jan 27, 2025


Overview

Prime Bank Location Investment Opportunity

This property features a newly constructed 2,798 square foot Chase Bank situated on a 0.88-acre lot in West Allis, Wisconsin. The location benefits from high visibility at the intersection of Highway 100 and Cleveland Ave, with traffic counts of 27,000 vehicles per day, and convenient access to Interstate 41, which sees 157,000 vehicles per day. A 15-year triple-net (NNN) lease is in place, offering zero landlord obligations and 10% rent increases every five years, along with three five-year renewal options. The property is strategically located adjacent to West Allis Center, a 232,57 square foot shopping center, and a renovated Target store, attracting over 3.5 million annual visitors. The area boasts strong demographics, including 259,840 residents, 112,418 households, and an average household income of $87,414 within a 5-mile radius. Furthermore, the property is located 7 miles from Downtown Milwaukee, which has a population exceeding 560,000. The location is near numerous national retailers, including Walgreens, OfficeMax, Burger King, Chick-fil-A, Panda Express, Starbucks, Marshalls & HomeGoods, Kohl's, and Piggly Wiggly.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
West Allis
County
Milwaukee
State
Wisconsin
Longitude
-88.0426
Latitude
42.996

FAQs

What type of property is this?
Bank owned property - Opportunity to acquire a well established Chase Bank location in West Allis, WI
Where is this bank owned property located?
The property is located at 2678 South 108th Street West Allis, WI.
What is the asking price?
The asking price for this property is $3,921,569.
What are key features of this property?
This property features: Brand New 15 Year NNN Ground Lease; Zero Landlord Obligations; Brand New Construction
More about this property
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