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    2215 Mount Vernon Ave Milwaukee, WI 53233

    Sponsored
    For Sale
    $2,600,000

    Prime Milwaukee location, 16,477 SF, high visibility.

    Property size:
    16,477 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,477-square-foot special purpose facility in Milwaukee, Wisconsin, presents a unique investment opportunity. Located at 2215 W Mt Vernon Ave, 53233, this three-story building boasts a remarkable 40-foot ceiling height, allowing for significant floor expansion and 100% clearspan potential. The property enjoys approximately 750 feet of Menomonee River frontage, offering stunning views and potential for further development. Its strategic location provides unparalleled visibility, situated along I-94 with a daily traffic volume exceeding 164,000 vehicles. The property benefits from its proximity to a major four-way interchange at 27th Street and I-94, ensuring easy access and high traffic flow. The asking price is $2,600,000, translating to $157.80 per square foot. The permitted zoning is PD, allowing for a variety of potential uses. This property is ideal for businesses seeking high visibility, ample space, and flexible zoning options in a thriving Milwaukee location. Multiple financing opportunities are available.

    Property Features for 2215 Mount Vernon Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    16,477 SF

    Building Details

    Stories
    3

    HighLights

    • $2,600,000 asking price for a 16,477 SF special purpose property.
    • Located at 2215 W Mt Vernon Ave, Milwaukee, WI 53233.
    • Features 40‑foot ceiling heights, allowing for floor expansion and 100% clearspan.
    • Offers approximately 750 feet of Menomonee River frontage and high visibility due to its location near I‑94.
    • Zoned PD, permitting multiple uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.94361
    Latitude
    43.033442

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    FAQs

    What type of property is this?
    Specialty property - Prime Milwaukee location, 16,477 SF, high visibility.
    Where is this specialty property located?
    The property is located at 2215 Mount Vernon Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price for a 16,477 SF special purpose property.; Located at 2215 W Mt Vernon Ave, Milwaukee, WI 53233.; Features 40-foot ceiling heights, allowing for floor expansion and 100% clearspan.
    (414) 272-6733
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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
    2215 Mount Vernon Ave Milwaukee, WI 53233
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