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    1112 60 St West Allis, WI 53214

    Sponsored
    For Sale
    $536,250

    3,712 SF Retail Space, High ROI

    Property size:
    3,712 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 3,712 square foot retail property, located at 1112 S 60th St in West Allis, Wisconsin, presents a compelling investment opportunity. Built in 1947 and situated on a 0.16-acre lot, the building boasts a recently renovated exterior, including a new stone facade, new glass block windows on the side and rear, a new roof, and new gutters. The interior has also been refreshed with new paint and LED lighting. The property includes an overhead door in the rear, providing convenient access, and a freshly paved parking lot with a side driveway. The building previously operated as a pottery shop and is suitable for various uses, including retail, office, or light distribution. Currently leased to a daycare for three years (August 1, 2024 - August 1, 2027), the lease features a graduated rent structure: $3,000/month for the first six months, $3,500/month for months 6-12, $4,000/month for year two, and $4,500/month for year three. The asking price is $536,250, representing a price per square foot of $80.82. The property includes a finished basement, adding to its overall usable space. This turnkey property offers a strong potential for both immediate income and long-term appreciation. The combination of recent renovations, a desirable location in Milwaukee County, and a stable lease make this an attractive investment.

    Property Features for 1112 60 St

    General Information

    Property type
    Day care centers
    Square Feet
    3,712 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1947

    HighLights

    • 3,712 SF retail building on a 0.16‑acre lot in West Allis, WI.
    • Recently renovated exterior with new stone facade, windows, roof, and gutters; refreshed interior with new paint and LED lighting.
    • Features an overhead rear door, paved parking lot, and side driveway.
    • Currently leased to a daycare with a graduated rent structure ($3,000-$4,500/month) through August 1, 2027.
    • Asking price: $536,250 ($80.82/SF); includes a finished basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    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
    -87.9872576
    Latitude
    43.0197253

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    FAQs

    What type of property is this?
    Day care center - 3,712 SF Retail Space, High ROI
    Where is this day care center located?
    The property is located at 1112 60 St West Allis, WI.
    What is the asking price?
    The asking price for this property is $536,250.
    What are key features of this property?
    This property features: 3,712 SF retail building on a 0.16-acre lot in West Allis, WI.; Recently renovated exterior with new stone facade, windows, roof, and gutters; refreshed interior with new paint and LED lighting.; Features an overhead rear door, paved parking lot, and side driveway.
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    1112 60 St West Allis, WI 53214
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    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
    1112 60 St West Allis, WI 53214
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