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    2221 Humboldt Ave Milwaukee, WI 53212

    Sponsored
    For Sale
    $575,000

    Milwaukee Investment Opportunity: $575,000

    Property size:
    2,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Milwaukee property, located at 2221 N Humboldt Ave, presents a unique investment opportunity. The 2,325 square foot building, constructed in 1895, sits on a 0.09-acre lot (APN 3540506100) and is zoned LB2. Currently configured as a mixed-use space, it features a ground floor bar/entertainment venue and upper-level apartment, offering immediate income potential. The property boasts a fenced lot and off-street parking, rare amenities in this desirable Riverwest location. Its prime position on Humboldt Avenue provides excellent visibility and accessibility. The building's existing structure presents a solid foundation for continued operation or significant redevelopment, catering to a variety of uses. The asking price is $575,000. This is an ideal opportunity for investors seeking a strong return in a vibrant Milwaukee neighborhood. The property's versatility and location make it a compelling investment prospect with significant upside potential. The 0.09-acre lot offers ample space, and the existing building provides a solid base for future development or renovation. This is a rare chance to acquire a well-situated property in a thriving area of Milwaukee, Wisconsin.

    Property Features for 2221 Humboldt Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,325 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1895

    HighLights

    • Riverwest mixed‑use building currently operating as a bar/entertainment venue with an upper‑level apartment.
    • Excellent Humboldt Avenue location offering high visibility and diverse usage potential.
    • Prime redevelopment opportunity.
    • Secure, fenced lot.
    • Off‑street parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.898243
    Latitude
    43.059505

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    FAQs

    What type of property is this?
    Multifamily property - Milwaukee Investment Opportunity: $575,000
    Where is this multifamily property located?
    The property is located at 2221 Humboldt Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Riverwest mixed-use building currently operating as a bar/entertainment venue with an upper-level apartment.; Excellent Humboldt Avenue location offering high visibility and diverse usage potential.; Prime redevelopment opportunity.
    Request Owner's contact information
    2221 Humboldt Ave Milwaukee, WI 53212
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    Milwaukee, WI 53212
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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
    2221 Humboldt Ave Milwaukee, WI 53212
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