907 1St St Milwaukee, WI 53204
- Warehouses
- 46,212 SF
- 0.80 lot acres
Current Use by Public Records
- Miller And Campbell Costume Service / Costume Rental Service / Cosmetics Store
- MainStage Theatrical Supply, Inc. / Theater Supply Store / Stage Lighting Equipment Supplier
- Purple Velvet Vintage / Vintage Clothing Store
Property Details for 907 1St St
- Year built
- 1907
- Lot size
- 0.80 lot acres
- Property size
- 46,212 SF
- Zone code
- IM
- Property type
- Warehouses
- APN
- 431-0949-111
- APU
- 4310949111
Description
This exceptional three-story retail building, located at 907 S 1st St in Milwaukee, Wisconsin, presents a unique investment opportunity. Boasting 44,433 square feet of space, this historic structure, built in 1907, sits on a 0.803-acre lot (APN 4310949111) and is zoned IM Industrial-Mixed, offering considerable flexibility for future development. The asking price is $2,800,000. The property's prime location in the desirable Walker's Point/Fifth Ward neighborhood is a significant advantage. A key feature is the inclusion of an adjacent parking lot within the sale, addressing a crucial need for retail spaces. The building's three stories above ground present potential for conversion and adaptive reuse, allowing for creative expansion or modification to suit a variety of commercial needs. This historic building offers a blend of character and potential, making it an attractive proposition for investors seeking a substantial property in a thriving Milwaukee neighborhood. The property's size and zoning provide ample opportunity for a range of commercial ventures. The inclusion of the adjacent parking lot further enhances its appeal and practicality. This is a rare chance to acquire a significant piece of Milwaukee's commercial real estate landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $765,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $655,000
- 6.5%
- $685,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $580,000
- Retail
- $645,000
- Mixed-Use
- $680,000
- Hospitality
- $670,000
- Educational
- $755,000
- Residential Income
- $620,000
- Energy
- $665,000
- Income-Based Land
- $600,000
- Food Service
- $685,000
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9116
- Latitude
- 43.0216
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
