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    Forest Home Ave Hales Corners, WI 53132

    For Sale
    $1,800,000

    23 Acres Residential Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 23.182-acre parcel, located on W. Forest Home Avenue in Franklin, Wisconsin (53132), presents a remarkable opportunity for residential development. Boasting over 1,300 feet of frontage along a high-traffic road (5,800 vehicles daily), this site offers unparalleled visibility and accessibility. Previously designed as an expansion for the Monticello Gardens residential development, the property benefits from its location just south of a thriving retail and industrial area, ensuring strong demand. The vibrant area experiences accelerated growth in housing, retail, and business development. Situated within the desirable Franklin Public School District, the land is conveniently located just east of Muskego Lakes Middle School and approximately two miles from the intersection of Highways 36 and 45. The property includes approximately 13.3 usable acres (with approximately 9.88 acres considered wet). Previous approvals existed for 156 units. The current zoning is R-8 (Residential), and water and sewer are on-site (verification with the city's engineering department is recommended). Utilities are at the parcel line (subject to verification). The APN is 798-9990-007. This prime location and substantial acreage make this an ideal investment for large-scale residential development. The asking price is $1,800,000, translating to $135,338 per acre.

    Property Features for 0 Forest Home Ave

    General Information

    Property type
    Land
    Lot Size
    1,009,808 SF

    HighLights

    • 1,300+ ft. of frontage on W. Forest Home Ave. (5,800 VPD).
    • Previously planned expansion land for Monticello Gardens residential development.
    • Excellent location south of the Hales Corners/Franklin retail and industrial area.
    • High‑growth area with strong residential, retail, and business development.
    • Located in the desirable Franklin Public School District.
    • Convenient access to Highways 36 & 45 (approx. 5 min. via W. St. Martins Rd.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hales Corners
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0680576
    Latitude
    42.9002583

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    FAQs

    What type of property is this?
    Land - 23 Acres Residential Development Land
    Where is this land located?
    The property is located at Forest Home Ave Hales Corners, WI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 1,300+ ft. of frontage on W. Forest Home Ave. (5,800 VPD).; Previously planned expansion land for Monticello Gardens residential development.; Excellent location south of the Hales Corners/Franklin retail and industrial area.
    Request Owner's contact information
    Forest Home Ave Hales Corners, WI 53132
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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
    Forest Home Ave Hales Corners, WI 53132
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