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    1468 84 St West Allis, WI 53214

    Sponsored
    For Lease
    $19 SF/Yr ($2,167 /Mo)

    Prime Milwaukee West Retail, Restaurant Opportunity

    Lot size:
    1,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail space, totaling 1,334 square feet, presents a unique investment opportunity within the thriving Element 84 apartment development in Milwaukee West, Wisconsin. Located just south of Greenfield Avenue on the east side of 84th Street, this property boasts a highly desirable location near the Hampton Inn and the Exposition Center at the Wisconsin State Fair, ensuring high visibility and foot traffic. Built in 2020, the property is part of a larger mixed-use development featuring two buildings and 203 occupied apartments, creating a built-in customer base. The entire 1,334 square feet is currently vacant and available for immediate occupancy, offering flexibility for a single or multi-tenant configuration. A tenant improvement allowance is negotiable beyond the existing white-box condition, allowing customization to suit specific business needs. The developer shows a preference for a full-service restaurant with a cocktail lounge, but other retail uses will be considered. A liquor license is available, adding significant value to the property. This is an exceptional chance to establish a thriving business in a vibrant and rapidly growing area. The property's strategic location, modern construction, and existing residential community make it an ideal choice for a discerning investor or business owner. Act quickly to secure this prime retail space and tailor it to your vision.

    Property Features for 1468 84 St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,334 SF
    Class
    A
    Total Rate
    2167.75

    Building Details

    Year Built
    2020
    Buildings
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,334 SF
    Rate per SF
    $19

    HighLights

    • 1,334 SF of Class A retail space available in a mixed‑use development.
    • Located in Milwaukee West submarket, near Greenfield Ave and the Wisconsin State Fair Exposition Center.
    • Building features 203 occupied apartments and is adjacent to a Hampton Inn.
    • Space is currently vacant and can accommodate single or multiple tenants.
    • Tenant improvement allowance negotiable; liquor license 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
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0170022
    Latitude
    43.0160323

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    FAQs

    What type of property is this?
    Restaurant - Prime Milwaukee West Retail, Restaurant Opportunity
    Where is this restaurant located?
    The property is located at 1468 84 St West Allis, WI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 1,334 SF of Class A retail space available in a mixed-use development.; Located in Milwaukee West submarket, near Greenfield Ave and the Wisconsin State Fair Exposition Center.; Building features 203 occupied apartments and is adjacent to a Hampton Inn.
    Request Owner's contact information
    1468 84 St West Allis, WI 53214
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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
    1468 84 St West Allis, WI 53214
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