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Property summary
This expansive 36,000 square foot industrial building, located at 3258 W Fond Du Lac Ave in Milwaukee, Wisconsin, presents a significant investment opportunity. Originally used for steel manufacturing, this property boasts heavy power and is perfectly suited for various industrial uses, including manufacturing, warehousing, and distribution. Recent renovations are extensive and include 110 new high-bay LED light fixtures in the warehouse, new office lighting, 15 new area furnaces, two new standard furnaces, and two new AC units for the office spaces. A complete interior and exterior paint job enhances the aesthetic appeal. Safety upgrades include new emergency lighting throughout, brought up to code. Office and bathroom renovations have been completed. The roof has also undergone significant improvements, with one-third replaced with a new rubber tear-off, one-third with a new silicone spray-over, and one-third already in good condition. Three new dock doors facilitate efficient loading and unloading. The property features a gated and fenced driveway and parking lot, along with a newly paved driveway and dock door entrance. The 1.28-acre lot provides ample space for operations and expansion. Built in 1919, this building offers a blend of historical character and modern functionality, making it an attractive proposition for discerning investors seeking a well-maintained and upgraded industrial space in a prime Milwaukee location. The asking price is $675,000. Zip code: 53210.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
IH Front setback, minimum (ft.) none* none* none* none* none* none* none* Side street setback, minimum (ft.) none* none* none* none* none* none* none* Rear street setback, minimum (ft.) none* none* none* none* none* none…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
IH · Milwaukee, WIIH Front setback, minimum (ft.) none* none* none* none* none* none* none* Side street setback, minimum (ft.) none* none* none* none* none* none* none* Rear street setback, minimum (ft.) none* none* none* none* none* none…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
IH Front setback, minimum (ft.) none* none* none* none* none* none* none* Side street setback, minimum (ft.) none* none* none* none* none* none* none* Rear street setback, minimum (ft.) none* none* none* none* none* none…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IH in Milwaukee, WI.
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