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    522 2Nd St Milwaukee, WI 53203

    For Sale
    Contact for pricing

    1.84-Acre Residential Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.84-acre development site in Milwaukee's vibrant Westown neighborhood presents a unique investment opportunity. Located at 522 N 2nd St, Milwaukee, WI 53203, this property encompasses two parcels (APN: 3610784100, 3610786110) currently used as surface parking lots, offering significant income potential during the planning phase. The site boasts a prime location, occupying half a city block with frontage on N 2nd St, W Michigan St, and Clybourn St. Its C9F(A) zoning allows for diverse development options, including multifamily residential, office, and hotel uses. The area is experiencing remarkable growth, fueled by major employers like Fiserv, Milwaukee Tool, and Regal Rexnord, along with the forthcoming Iron District MKE, a transformative mixed-use development including an 8,000-seat soccer stadium. This property benefits from exceptional access and connectivity, adjacent to I-794 and within walking distance of public transportation, including bus lines and The Hop streetcar. Proximity to amenities such as food halls, the Riverwalk, and entertainment venues further enhances its appeal. Milwaukee's Downtown Plan 2040 aims to significantly increase downtown's population and employment, positioning this site for substantial long-term growth. The property is offered for sale with 100% ownership. This is an unparalleled chance to capitalize on Milwaukee's dynamic urban revitalization.

    Property Features for 522 2Nd St

    General Information

    Property type
    Land
    Lot Size
    80,150 SF

    HighLights

    • 1.84‑acre prime infill development site in Milwaukee's Westown neighborhood; half‑block rectangular parcels at 522 N 2nd St, with frontage on N 2nd, W Michigan, and Clybourn Streets (APN: 3610784100, 3610786110); C9F(A) zoning allows for multifamily, office, and hotel uses; current surface parking generates income.
    • Exceptional access and connectivity: adjacent to I‑794, near public transit (bus lines, The Hop streetcar), and four blocks from the Milwaukee Intermodal Station.
    • Proximity to amenities: walking distance to food halls, the Riverwalk, and entertainment venues.
    • Westown neighborhood experiencing significant growth: nearby major employers (Fiserv, Milwaukee Tool, Regal Rexnord) and the Iron District MKE (8,000‑seat soccer stadium) are driving development.
    • Strong long‑term growth potential: aligned with Milwaukee's 2040 Plan to add 15,000 downtown housing units and double the downtown population; supported by Mayor Johnson's pro‑development policies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop 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
    -87.912563
    Latitude
    43.036416

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    FAQs

    What type of property is this?
    Land - 1.84-Acre Residential Development Site
    Where is this land located?
    The property is located at 522 2Nd St Milwaukee, WI.
    What are key features of this property?
    This property features: 1.84-acre prime infill development site in Milwaukee's Westown neighborhood; half-block rectangular parcels at 522 N 2nd St, with frontage on N 2nd, W Michigan, and Clybourn Streets (APN: 3610784100, 3610786110); C9F(A) zoning allows for multifamily, office, and hotel uses; current surface parking generates income.; Exceptional access and connectivity: adjacent to I-794, near public transit (bus lines, The Hop streetcar), and four blocks from the Milwaukee Intermodal Station.; Proximity to amenities: walking distance to food halls, the Riverwalk, and entertainment venues.
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    522 2Nd St Milwaukee, WI 53203
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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
    522 2Nd St Milwaukee, WI 53203
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