8088 27Th St Oak Creek, WI 53154
- Commercial real estate
- 4.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8088 27Th St
- Lot size
- 4.14 lot acres
- Property type
- Commercial real estate
- APN
- 810-9979-000
- APU
- 8109979000
Description
This exceptional 4.15-acre parcel, located at 8088 S 27th St in Oak Creek, Wisconsin, presents a prime opportunity for multi-family development. The property boasts a highly desirable location, offering excellent freeway access and proximity to major retail destinations, including IKEA and the Northwestern Mutual campus. The parcel's APN is 8109979000, and its zoning is a blend of B4 and RS2 classifications, providing flexibility for various development plans. The address is conveniently situated in Milwaukee County, Wisconsin, with a zip code of 53154. The geographic coordinates are 42.8982397 latitude and -87.9496084 longitude. Future land use designations specifically support multi-family residential construction, making this an ideal site for investors seeking to capitalize on the strong demand for housing in this thriving area. The significant lot size allows for substantial development potential, catering to a range of project scales and designs. This property's strategic location and zoning make it a compelling investment opportunity for developers looking to create a successful multi-family residential community. The high traffic volume of the nearby retail corridor ensures strong visibility and accessibility for future residents. This is a rare chance to acquire a large, well-situated parcel ready for immediate development.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $310,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $265,000
- Mixed-Use
- $300,000
- Hospitality
- $305,000
- Educational
- $325,000
- Residential Income
- $310,000
- Energy
- $310,000
- Income-Based Land
- $335,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Oak Creek
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9483
- Latitude
- 42.898
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA