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    907 1St St Milwaukee, WI 53204

    For Sale
    $2,800,000

    Prime Walker's Point location, 44,433 SF.

    Property size:
    44,433 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional three-story retail building, located at 907 S 1st St in Milwaukee, Wisconsin, presents a unique investment opportunity. Boasting 44,433 square feet of space, this historic structure, built in 1907, sits on a 0.803-acre lot (APN 4310949111) and is zoned IM Industrial-Mixed, offering considerable flexibility for future development. The asking price is $2,800,000. The property's prime location in the desirable Walker's Point/Fifth Ward neighborhood is a significant advantage. A key feature is the inclusion of an adjacent parking lot within the sale, addressing a crucial need for retail spaces. The building's three stories above ground present potential for conversion and adaptive reuse, allowing for creative expansion or modification to suit a variety of commercial needs. This historic building offers a blend of character and potential, making it an attractive proposition for investors seeking a substantial property in a thriving Milwaukee neighborhood. The property's size and zoning provide ample opportunity for a range of commercial ventures. The inclusion of the adjacent parking lot further enhances its appeal and practicality. This is a rare chance to acquire a significant piece of Milwaukee's commercial real estate landscape.

    Property Features for 907 1St St

    General Information

    Property type
    Retail properties
    Square Feet
    44,433 SF
    Lot Size
    34,979 SF

    Building Details

    Year Built
    1907
    Stories
    3

    HighLights

    • Excellent Walker's Point/Fifth Ward location.
    • On‑site parking lot included in sale price.
    • Three‑story building with potential for adaptive reuse.
    • Historic building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miller And Campbell Costume ... Costume Rental Service MainStage Theatrical Supply, ... Theater Supply Store Purple Velvet Vintage Vintage Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.9114339
    Latitude
    43.0218385

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    FAQs

    What type of property is this?
    Retail property - Prime Walker's Point location, 44,433 SF.
    Where is this retail property located?
    The property is located at 907 1St St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Excellent Walker's Point/Fifth Ward location.; On-site parking lot included in sale price.; Three-story building with potential for adaptive reuse.
    (414) 347-9400
    Request Owner's contact information
    907 1St St Milwaukee, WI 53204
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    Milwaukee, WI 53204
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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
    907 1St St Milwaukee, WI 53204
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