1526 72Nd St West Allis, WI 53214
This exceptional 64,573 square foot property, located at 1526 S 72nd Street in West Allis, Wisconsin, presents a unique investment opportunity. Situated on a 1.7-acre lot (APN 4530223001), this building, constructed in 1957, is zoned for retail and special purpose uses, offering significant potential for adaptive reuse. The property boasts a wealth of features, including a vintage gymnasium and stage, perfect for a variety of entertainment or community uses. Fifteen large classrooms provide ample space for educational, office, or creative endeavors. A lower-level cafeteria, complete with a commercial kitchen and equipment, is ready for immediate use. Additional lower-level storage or flexible space adds to the property's versatility. The central West Allis location provides excellent visibility and accessibility. While the property currently lacks an elevator, its substantial size and diverse features make it an attractive prospect for developers and investors seeking a large-scale project with significant redevelopment potential. The asking price is $2,800,000. This property is a rare find in a thriving Wisconsin community.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.