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    907 84 St West Allis, WI 53214

    Sponsored
    For Sale
    $750,000

    High-yield, redeveloppable West Allis property.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity in West Allis, Wisconsin, presents a compelling chance for owner-users or developers. Located at 907 S 84th St, this property boasts a prime location near the State Fair Park, offering high visibility and convenient access. The 0.79-acre lot encompasses two buildings, each two stories, totaling 5,000 net rentable square feet. Currently operating as a thriving bar (El Sagitario) with additional rental units, the property generates a substantial NOI of $73,000, representing a strong 9.73% cap rate. The asking price is $750,000. The property includes 55 parking spaces in a separate lot, plus a three-car garage, adding further value. Built in 1939, the property is zoned commercial and offers significant redevelopment potential. The current tenant mix includes two tenants, and the property is sold as-is. The seller is motivated and retiring, making this a unique opportunity to acquire a well-situated, income-producing asset with considerable upside. The property's proximity to the State Fair Park provides excellent visibility and potential for increased foot traffic. This is a rare chance to acquire a mixed-use property with strong cash flow and significant redevelopment potential in a desirable location.

    Property Features for 907 84 St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF
    Class
    C
    Lot Size
    34,412 SF

    Building Details

    Year Built
    1939
    Buildings
    2
    Stories
    2

    HighLights

    • Prime location with high visibility.
    • Excellent proximity to the State Fair Park.
    • Ideal for adaptive reuse and redevelopment opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Sagitario Bar Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.017393648026
    Latitude
    43.021702019779

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, redeveloppable West Allis property.
    Where is this individual retail property located?
    The property is located at 907 84 St West Allis, WI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime location with high visibility.; Excellent proximity to the State Fair Park.; Ideal for adaptive reuse and redevelopment opportunities.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    907 84 St West Allis, WI 53214
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