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    Bay View Warehouse with Redevelopment Title is generated by Realmo AI

    2349 S Austin St, Milwaukee, WI

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    Warehouse in desirable Bay View location with redevelopment potential.

    Type:INDUSTRIAL
    Property size:
    6,049 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $74/SF
    Added:
    Dec 14, 2022
    Days on Market:
    1281
    Last Refresh:
    May 19 at 9:37 pm

    Property Features for 2349 S Austin St

    General Information

    Standard status
    Active
    Size
    6,049 SF
    Lot size
    0.18 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Brian Flood
    Brian Flood

    Listing agent Brian Flood License #WI 90030-94

    Listing office Founders 3 Real Estate Services - Corporate

    Listing date Dec 14, 2022

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Founders 3 Real Estate Services - Corporate

    HighLights

    • Desirable Bay View Location
    • Redevelopment Potential
    • Two blocks from the heart of Bay View’s Commercial Corridor
    • Additional parcel can be utilized for parking
    • Updated Office Space
    • Features Three Drive‑in Doors

    Overview

    This warehouse property is located in a desirable area of Bay View, just two blocks from the heart of Bay View’s Commercial Corridor. The property offers redevelopment potential and is ideal for a single tenant. The property includes updated office space and three drive-in doors. An additional parcel can be utilized for parking. The property is being sold in "As-Is, Where-Is" condition. The building has a size of 6,049 square feet.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $33.1k $5.47
    − Vacancy −$1.6k −$0.27
    EGI $31.5k $5.20
    − OpEx −$4.7k −$0.78
    NOI $26.7k $4.42
    6,049 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $382.1K
    $334.3K – $445.8K (±1% cap)
    NOI $26,747 @ 7.0% cap · market cap 5.94%
    Second Best
    Industrial
    $314.7K
    $275.3K – $367.1K (±1% cap)
    NOI $22,027 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    Office A
    $1.45M
    $1.27M – $1.70M (±1% cap)
    NOI $101,754 @ 7.0% cap · market cap 22.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Similar Places Nearby

    • Southwind Marine LLC — 162 E Lincoln Ave, Milwaukee, WI 53207
    • Self Storage on Wheels — 2039 s lenox st, milwaukee, wi 53207
    • StorageMart — 802 E Bay St, Milwaukee, WI 53207
    • Beacon Marine — 2078 S 4th St, Milwaukee, WI 53204
    • Bestway Transfer & Storage — 701 W Cleveland Ave, Milwaukee, WI 53215

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9072
    Latitude
    43.0019

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    FAQs

    What type of property is this?
    Warehouse - Warehouse in desirable Bay View location with redevelopment potential.
    Where is this warehouse located?
    The property is located at 2349 S Austin St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Desirable Bay View Location; Redevelopment Potential; Two blocks from the heart of Bay View’s Commercial Corridor
    (414) 530-5302 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Flood
    Brian Flood
    Real Estate License ID: WI 90030-94
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