1200 13Th Ave South Milwaukee, WI 53172
- Commercial real estate
- 17.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1200 13Th Ave
- Lot size
- 17.55 lot acres
- Property type
- Commercial real estate
- APN
- 729-9997-000
- APU
- 7299997000
Description
This exceptional 16.74-acre commercial land parcel, located at 1200 13th Avenue in South Milwaukee, Wisconsin (zip code 53172), presents a unique investment opportunity. The property, identified by APN 729-9997-000, is zoned M-2, offering considerable flexibility for various commercial uses. Priced at $300,000, this translates to approximately $35,843 per acre. While the total acreage is 16.74 acres, approximately 4.75 acres are considered usable, particularly suitable for outdoor storage needs. The seller, Rexnord Industries LLC, guarantees the closing of the site. The sale is conducted on an "as-is, where-is" basis. It's important to note that the closing date may be June 30, 2025, due to an ongoing Wisconsin Department of Natural Resources (WDNR) filling process. This prime location boasts excellent proximity to Interstate-94 and Milwaukee Mitchell International Airport, providing exceptional accessibility and visibility. This property offers significant potential for developers and businesses seeking a strategically located commercial site in the thriving South Milwaukee area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $330,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $390,000
- Mixed-Use
- $360,000
- Hospitality
- $395,000
- Educational
- $290,000
- Residential Income
- $300,000
- Energy
- $325,000
- Income-Based Land
- $295,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- South Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.8656
- Latitude
- 42.9192
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA