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    315 Marion Ave South Milwaukee, WI 53172

    For Sale
    $8,500,000

    31.26 Acres, M2 Zoning, Lake Michigan Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 31.26-acre commercial development site in South Milwaukee, Wisconsin, is offered at $8,500,000 ($271,912.98/acre). Located at 315 Marion Ave, 53172, the property boasts approximately 1,000 feet of prime Lake Michigan frontage, situated between 5th Avenue and Marion Avenue. Zoned M2 (Manufacturing), this site presents a unique opportunity for developers seeking a location with exceptional visibility and access. The property's proximity to Grant Park (a 380-acre park featuring an 18-hole golf course, tennis courts, swimming beach, Oak Leaf Trail, and Seven Bridges Hiking Trail) adds significant recreational value. Furthermore, its convenient location offers a 12-minute drive to General Mitchell International Airport, enhancing its appeal for businesses requiring easy access to air travel. The site's APN is 775-9993-000. This is a rare chance to acquire a substantial lakefront development site in a desirable location.

    Property Features for 315 Marion Ave

    General Information

    Property type
    Land
    Lot Size
    1,361,686 SF

    HighLights

    • 1,000 feet of Lake Michigan frontage.
    • Convenient access to Grant Park Golf Course, Grant Park Beach, and South Milwaukee Yacht Club.
    • 12‑minute drive to General Mitchell International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Everbrite LLC - South ... Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.849297
    Latitude
    42.902554

    Nearby Comparable

    • $8,500,000

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    Nearby Similar for Sale

    • $214,900
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      South Milwaukee Duplex Near Park

      Four-bedroom duplex near Grant Park with income potential.
      416 Marquette Ave, South Milwaukee, WI 53172
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    • $280,000

      Charming Duplex with Recent Updates

      Well-maintained duplex with hardwood floors and updated features.
      1311 Madison Ave, South Milwaukee, WI 53172
      View Details

    FAQs

    What type of property is this?
    Land - 31.26 Acres, M2 Zoning, Lake Michigan Frontage
    Where is this land located?
    The property is located at 315 Marion Ave South Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 1,000 feet of Lake Michigan frontage.; Convenient access to Grant Park Golf Course, Grant Park Beach, and South Milwaukee Yacht Club.; 12-minute drive to General Mitchell International Airport.
    Request Owner's contact information
    315 Marion Ave South Milwaukee, WI 53172
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    South Milwaukee, WI 53172
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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
    315 Marion Ave South Milwaukee, WI 53172
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