1025 108 St West Allis, WI 53214
- Commercial real estate
- 0.33 lot acres
Current Use by Public Records
- Erdmann Law Offices, S.C. / Attorney
- Ellsworth Criminal Law / Criminal Justice Attorney
- Select Technical Staffing / Employment Agency
- Skymark Home Lending Corporation / Mortgage Lender
Property Details for 1025 108 St
- Lot size
- 0.33 lot acres
- Property type
- Commercial real estate
- APN
- 445-0035-001
- APU
- 4450035001
Description
This exceptional two-story commercial building, located at 1025 S 108th St in West Allis, Wisconsin, presents a unique investment opportunity. Boasting 7,375 square feet, the property features a blend of office and retail space, ideal for a variety of uses. The building, constructed in 1950, is situated on a 0.33-acre lot and benefits from a C-3 zoning designation. The first floor encompasses approximately 1,688 square feet of retail space, currently generating income from a law office tenant. Upstairs, multiple smaller office suites range from 695 to 1,500 square feet, providing flexibility for various tenants. The building's masonry construction with a brick exterior ensures durability and curb appeal. Ample parking is available, with a ratio of 1.63 spaces per 1,000 square feet. The property enjoys excellent visibility and accessibility, situated on Highway 100, just south of Interstate 94 at the Zoo Interchange, experiencing high traffic volume of approximately 159,000 vehicles daily. The asking price is $795,000, translating to $107.80 per square foot. This property is well-suited for a variety of businesses, including professional offices, general retail, event spaces, and more. The modified lease structure and multi-tenancy provide a stable income stream and potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $385,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $320,000
- Mixed-Use
- $350,000
- Hospitality
- $365,000
- Educational
- $380,000
- Residential Income
- $330,000
- Energy
- $385,000
- Income-Based Land
- $395,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- West Allis
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -88.0475
- Latitude
- 43.0204
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA