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    I-94 And Drexel Ave Oak Creek, WI 53154

    For Sale
    $4,500,000

    Prime 6-acre commercial land, I-94 & Drexel Ave.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6-acre commercial development site boasts unparalleled visibility and accessibility at the northeast corner of I-94 and Drexel Avenue in Oak Creek, Wisconsin (zip code 53154). Positioned directly across from the new IKEA store, this high-profile location offers significant advantages for retail development. The property benefits from its proximity to major thoroughfares, including the recently widened four-lane South 13th Street, ensuring convenient access for customers. This strategic location is already home to established businesses such as Milwaukee Yard, Texas Roadhouse, and Summit Credit Union, creating a thriving commercial environment. The site's potential is further enhanced by its proposed development plans, which include two building options: a 5,500 square foot building and a divisible 4,700 square foot building. This presents a unique opportunity for developers seeking a high-impact location with strong existing infrastructure and significant growth potential. The asking price for this remarkable property is $4,500,000. This prime location offers exceptional visibility and accessibility, making it an ideal investment for discerning developers. The property is situated in Milwaukee County and offers a rare opportunity to capitalize on the area's robust economic growth.

    Property Features for I-94 And Drexel Ave

    General Information

    Property type
    Land
    Lot Size
    261,360 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oak Creek
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9322962
    Latitude
    42.9017551

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    FAQs

    What type of property is this?
    Land - Prime 6-acre commercial land, I-94 & Drexel Ave.
    Where is this land located?
    The property is located at I-94 And Drexel Ave Oak Creek, WI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    (262) 613-3888
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    I-94 And Drexel Ave Oak Creek, WI 53154
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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
    I-94 And Drexel Ave Oak Creek, WI 53154
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