Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6101 Mill Rd Milwaukee, WI 53218

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Milwaukee development land. Six acres, excellent utilities.

    Property Features for 6101 Mill Rd

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    We can help!

    Listing Contact
    Steve Sewart
    Steve Sewart

    Listing Agency: Colliers - Milwaukee, Wisconsin Listing Agent: Steve Sewart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 6-acre parcel, located at 6101 W. Mill Road in Milwaukee, Wisconsin, presents a remarkable opportunity for developers and investors. Situated in Milwaukee County, zip code 53218, this property boasts an ID-40 zoning designation, opening doors to a variety of potential uses. The expansive lot size provides ample space for ambitious projects. Utilities are readily available, including connections to Milwaukee Water Works, sanitary sewer, storm sewer, and natural gas. The property's convenient location within Milwaukee offers easy access to transportation networks and a thriving local economy. This is a rare chance to acquire a significant land holding in a desirable area of Milwaukee, poised for future growth and development. Detailed site plans and zoning information are available upon request. The latitude and longitude coordinates are 43.132077, -87.9885259 respectively. This property is ready for your vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9885259
    Latitude
    43.132077

    Nearby Similar for Sale

    • New
      $189,500
      2,132 SF

      Renovated Duplex with Income Potential

      Updated Milwaukee duplex, ideal for owner-occupants or investors.
      2956 North 44Th St, Milwaukee, WI 53210
      View Details
    • $257,000
      0.08 Acres

      Well-Maintained Duplex Near State Fair Park

      Well-maintained duplex with long-term tenants and recent upgrades.
      521 S 75Th St, Milwaukee, WI 53214
      View Details
    • New
      $299,000
      3,000 SF

      Renovated Two-Family Home with Suite

      Fully renovated two-family home with in-law suite in Milwaukee.
      2707 W Highland Blvd, Milwaukee, WI 53208
      View Details
    • $374,900
      2,690 SF

      Freestanding Commercial Property on MLK

      Turnkey auto shop opportunity in high-traffic Milwaukee corridor.
      3210 N Dr Martin Luther King Jr Dr, Milwaukee, WI 53212
      View Details
    • $4,399,000
      96,680 SF

      Milwaukee Warehouse/Manufacturing Facility For Sale

      96,680 SF industrial facility on 8.15 acres in Milwaukee-South.
      2929 S Chase Ave, Milwaukee, WI 53207
      View Details
    • New
      $149,999
      0.11 Acres

      Well-Maintained Milwaukee Duplex For Sale

      Spacious duplex with updated units and income potential.
      2857 N 34Th St, Milwaukee, WI 53210
      View Details
    • $280,000
      0.12 Acres

      Updated Riverwest Duplex Opportunity

      Well-maintained, updated duplex in Riverwest near parks and amenities.
      2438 N Pierce St, Milwaukee, WI 53212
      View Details
    • $279,900
      0.09 Acres

      Updated Duplex in Milwaukee

      Updated duplex with spacious units and modern amenities in Milwaukee.
      1321 S 22Nd St, Milwaukee, WI 53204
      View Details
    • $149,900
      0.08 Acres

      Refreshed Duplex Near Columbia Park

      Updated 3/3 duplex in Milwaukee's North Division neighborhood.
      2939 N 13Th St, Milwaukee, WI 53206
      View Details
    • $169,900
      0.11 Acres

      Renovated Milwaukee Duplex Near Amenities

      Updated 2-unit property with income potential in convenient location.
      2661 N 44Th St, Milwaukee, WI 53210
      View Details
    • $115,999
      0.58 Acres

      Milwaukee Duplex with Cashflow Potential

      Jumbo duplex with income potential, ideal for investors or househacking.
      1912 N 27Th St, Milwaukee, WI 53208
      View Details
    • New
      $490,000
      0.08 Acres

      East Side Investment Opportunity

      Three-unit property near Brady Street with updated features and parking.
      1672 N Astor St, Milwaukee, WI 53202
      View Details

    FAQs

    What type of property is this?
    Land - Prime Milwaukee development land. Six acres, excellent utilities.
    Where is this land located?
    The property is located at 6101 Mill Rd Milwaukee, WI.
    What are key features of this property?
    This property features: 6-acre land parcel.; ID-40 zoning.; Milwaukee Water Works water service.
    (414) 278-6823 Call to check price and availability
    Request Owner's contact information
    6101 Mill Rd Milwaukee, WI 53218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6101 Mill Rd
    Milwaukee, WI 53218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6101 Mill Rd Milwaukee, WI 53218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Sewart
    Steve Sewart
    Real Estate License ID: 9456646
    (414) 278-6823 (414) 732-3490
    Learn more
    Google sign-in failed. Please try again or use another login method.