Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    MICHIGAN STREET PROPERTIES Milwaukee, WI

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    MICHIGAN STREET PROPERTIES Milwaukee, WI

    View on Map
    • Residential income homes
    For Sale
    $3,600,000
    View Listing →
    65-units for sale in the Near West Side neighborhood of Milwaukee, WI. For Sale
    $3,600,000
    45,346 SF

    65-units for sale in the Near West Side neighborhood of Milwaukee, WI.

    65-units for sale in the Near West Side neighborhood of Milwaukee, WI.

    MICHIGAN STREET PROPERTIES, Milwaukee, WI 53203
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for MICHIGAN STREET PROPERTIES

    Year built
    1926
    Property type
    Residential income homes
    Property subtype
    Residential income properties

    Description

    65-units for sale in the Near West Side neighborhood of Milwaukee, WI. This 3-lot assemblage consists of two (2) 30-unit buildings consisting of all 1-Bedroom apartments and a vintage-style home consisting of 5-units. The properties are a 7-min walk from the core of Marquette University's campus. There is approximately 24 parking spots in between 2301 and 2319 W Michigan St. The addresses of the properties are; 2301 W MICHIGAN ST | 5-units 2319 W MICHIGAN ST | 30-units 2327 W MICHIGAN ST | 30-units

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    State
    Wisconsin
    Longitude
    -87.911
    Latitude
    43.0374

    Comparable in this City

    • Value Estimation by Request

      Undisclosed Location - Fox Cities

      Restaurants
      0 Undisclosed Location - Fox Cities, Appleton, WI null
      View Details
    • Value Estimation by Request
      0.17 Acres

      State Road

      COMMERCIAL (GENERAL) • 0.17 Acres
      State Road, 96, WI
      View Details
    • Value Estimation by Request
      1.07 Acres

      Highway

      VACANT COMMERCIAL LAND • 1.07 Acres
      Highway, 51, WI
      View Details
    • Value Estimation by Request
      1.57 Acres

      Delbert Rd, WI

      INDUSTRIAL (GENERAL) • 1.57 Acres
      Delbert Rd, WI
      View Details
    • Value Estimation by Request
      44.21 Acres

      Illinois Wind Rd, WI

      VACANT COMMERCIAL LAND • 44.21 Acres
      Illinois Wind Rd, WI
      View Details
    • Value Estimation by Request
      0.63 Acres

      Hallie Ln, WI

      VACANT COMMERCIAL LAND • 0.63 Acres
      Hallie Ln, WI
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,672 SF

      West Allis Mixed-Use Investment

      Cash flowing retail and multifamily property in West Allis.
      1410 S 72 St, West Allis, WI
      View Details
    • Contact for pricing

      Thriving Fox Cities Bar/Restaurant

      Established Bar/Restaurant, Excellent Location
      0 Undisclosed Location - Fox Cities, Appleton, WI null
      View Details
    • Contact for pricing

      Milwaukee Riverfront Development Opportunity

      3.14 acres of land with Milwaukee River frontage.
      1330-1420 N Dr Martin L King Jr Dr, Milwaukee, WI
      View Details
    • Contact for pricing

      Slinger Industrial Lots Available

      Industrial lots in Slinger Merchant Village with I-41 access.
      State Hwy 60 & Hwy 41, Slinger, WI
      View Details
    • Contact for pricing

      Development Land Near Highway 41

      Land available for development with utilities and highway access.
      5050 W Grand Market Dr, Appleton, WI
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,361 SF

      Mixed-Use Development with Retail Space

      New mixed-use development with retail and apartment units for rent.
      582 Larsen Orchard Pkwy, Oneida, WI
      View Details
    • Contact for pricing

      Fitchburg Office/Warehouse Space Available

      Office and warehouse space in prime Fitchburg location for rent.
      6140 Cottonwood Dr, Fitchburg, WI
      View Details
    • Contact for pricing
      293,965 SF

      Industrial Warehouse Space Available

      Large industrial warehouse space available for rent in Necedah.
      9246 State Rd 80, Necedah, WI
      View Details
    • Contact for pricing
      1,855 SF

      New Retail Center in Brookfield

      Class A retail space available in The Shoppes at the Corridor.
      350 Discovery Dr, Brookfield, WI
      View Details
    • Contact for pricing
      1,334 SF

      Restaurant/Retail Space in West Allis

      Restaurant/retail space with patio in new apartment development.
      1468-1482 S 84 St, West Allis, WI
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on Silvernail Road

      1,250 SF retail suite in a high-traffic area.
      2301-2359 Silvernail Rd, Waukesha, WI
      View Details
    View Listing
    Request Owner's contact information
    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.
    MICHIGAN STREET PROPERTIES
    Milwaukee, WI
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!