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    820 Plankinton Ave Milwaukee, WI 53203

    Sponsored
    For Sale
    $1,750,000

    Historic building, renovated 2007, 24,000 SF

    Property size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story medical office building, situated at the highly visible intersection of Kilbourn and Plankinton Avenues, presents a unique investment opportunity. Located on the Milwaukee Riverwalk, this 24,000 square foot property boasts a rich history, originally constructed in 1871 and extensively renovated in 2007. The building is currently zoned C9E - Major Retail, offering flexibility for a variety of uses. The asking price is $1,750,000, translating to $72.92 per square foot. This single building sits on a 0.11-acre lot and offers significant potential for growth and return. Its prime location and substantial square footage make it an ideal investment for those seeking a well-maintained, historically significant property in a thriving urban environment. The building's excellent condition and strategic location on the Milwaukee Riverwalk provide exceptional visibility and accessibility. This is a rare opportunity to acquire a substantial medical office building in a highly desirable area of Milwaukee, Wisconsin. The property's strong foundation and recent renovations ensure a long-term, stable investment. The building's size and zoning provide ample opportunity for expansion or adaptation to meet evolving market demands.

    Property Features for 820 Plankinton Ave

    General Information

    Property type
    Medical offices
    Square Feet
    24,000 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built/Renovated
    1871/2007
    Buildings
    1
    Stories
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. John Fangman Infectious Disease Physician Karen Godfredsen, PSYD Psychologist Aids Project-Milw Social Services Organization Christine Hogan, MD Infectious Disease Physician Dr. Leslie Cockerham Internist

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.91269948583
    Latitude
    43.040535342658

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    FAQs

    What type of property is this?
    Medical office - Historic building, renovated 2007, 24,000 SF
    Where is this medical office located?
    The property is located at 820 Plankinton Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $1,750,000.
    Request Owner's contact information
    820 Plankinton Ave Milwaukee, WI 53203
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    Milwaukee, WI 53203
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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
    820 Plankinton Ave Milwaukee, WI 53203
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