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Retail/Residential Building with Redevelopment Potential
For Sale
$600,000

1000-1006 West Historic Mitchell Street, Milwaukee, WI 53204

26,960 SF building in Opportunity Zone with redevelopment potential.

Property Size26,960 SF
Lot Size0.15 Acres
Price / SF$22.26
Days on Market154

Property Features for 1000-1006 West Historic Mitchell Street

General Information

Standard status Active
Size 26,960 SF
Lot size 0.15 Acres
Property subtype Retail
Listing Agency: CBRE, Inc.
Listed By: CJ Goldberg
Source: Cbre
Added: Mar 25 Changed: Aug 19 Last Checked: Aug 25 at 5:14AM

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 CBRE, Inc.

Investment Insights

Based on property information with market context.

The property is a 26,960-square-foot single-story building constructed in 1938. It is located on a 0.15-acre lot and features storefront retail space. The building is located within an Opportunity Zone and Qualified Census Tract (QCT), potentially offering tax incentives. The building has a height of 32 feet and is zoned LB2 - Local Business 2. The parcel number is 461-1377-100. The 2023 assessment is $263,600, and the 2023 taxes are $6,276. The site is positioned near I-94 via Lapham Boulevard, providing regional access and visibility in a historic commercial corridor. The property has great redevelopment potential.

Key Highlights

  • Located in Opportunity Zone and Qualified Census Tract (QCT), offering potential tax incentives.
  • Great redevelopment potential.
  • Large 26,960‑square‑foot single‑story building.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Electrical Service HVAC Service Acupuncture Catering Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,334
Businesses Nearby
Under-served
Demand for This Use

Demographics for 53204, WI

39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value

Market

Vacancy Rate% for Retail in Milwaukee, WI

8% 2019
7.7% 2020
6.5% 2021
5.2% 2022
5% 2023
5.3% 2024
7% 2025
Rey
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Similar Off Market Nearby

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  • Variedades 1219 W Historic Mitchell St, Milwaukee, WI 53204
  • Violets MKE 900 S 5th St Suite 401, Milwaukee, WI 53204
  • Duffodils Florist 804 s 2nd st, milwaukee, wi 53204

Frequently Asked Questions

What type of property is this?
Storefront property - 26,960 SF building in Opportunity Zone with redevelopment potential.
Where is this storefront property located?
The property is located at 1000-1006 West Historic Mitchell Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Located in Opportunity Zone and Qualified Census Tract (QCT), offering potential tax incentives.; Great redevelopment potential.; Large 26,960‑square‑foot single‑story building.
More about this property
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