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    6023 Forest Home Ave Milwaukee, WI 53220

    • Strip malls
    • 46,571 SF
    • 3.69 lot acres
    For Lease
    View listing
    Value Estimation
    $335,000
    Last Sale
    Jul 26, 2024
    $325,000
    Location Intelligence
    Property ID
    US92-1226899
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Scooter's Coffee / Coffee Shop

    Property Details for 6023 Forest Home Ave

    Year built
    1962
    Lot size
    3.69 lot acres
    Property size
    46,571 SF
    Zone code
    LB1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    557-1601-100
    APU
    5571601100

    Description

    The Grove Shopping Center, located at 6023 W Forest Home Ave, Milwaukee, WI 53220, presents a compelling investment opportunity. This retail strip center totals 45,567 square feet and sits on a 0.3-acre lot, zoned LB1 - Local Business within Milwaukee County. Currently, there is only 1 square foot of vacant space within the multi-tenant property. The property's prime location offers excellent visibility and accessibility for businesses seeking a strong presence in the Milwaukee market. Its established tenant base contributes to a consistent revenue stream, making it an attractive option for investors seeking a stable and potentially high-yielding asset. The convenient location and ample parking provide a positive shopping experience for customers. The property's zoning allows for a variety of retail uses, providing flexibility for potential tenants and investors. This is an exceptional opportunity to acquire a well-situated retail center in a thriving Milwaukee neighborhood. The property's size and location make it ideal for a variety of retail businesses, offering significant potential for growth and return on investment. Serious inquiries are encouraged to explore this promising opportunity further.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $355,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $295,000
      Mixed-Use
      $360,000
      Hospitality
      $310,000
      Educational
      $365,000
      Residential Income
      $345,000
      Energy
      $345,000
      Income-Based Land
      $280,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9887
    Latitude
    42.9752
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $77,611
    $482,100
    $2,777,500
    $3,259,600
    -
    $482,100
    $2,777,500
    $3,259,600

    Comparable in this City

    • Value Estimation
      $355,000
      4,500 SF

      5120 Howard Ave

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      5120 Howard Ave, Milwaukee, WI 53220
      View Details
    • Value Estimation by Request
      34,046 SF

      3951 76th St

      SHOPPING CENTER, STRIP CENTER • 34,046 SF
      3951 76th St, Milwaukee, WI 53220
      View Details
    • Value Estimation by Request
      46,571 SF

      3855 60th St

      SHOPPING CENTER, STRIP CENTER • 46,571 SF
      3855 60th St, Milwaukee, WI 53220-1977
      View Details
    • Value Estimation
      $455,000
      17,478 SF

      5121 Howard Ave

      SHOPPING CENTER, STRIP CENTER • 17,478 SF
      5121 Howard Ave, Milwaukee, WI 53220-2000
      View Details
    • Value Estimation
      $625,000
      25,438 SF

      5001 Howard Ave, Unit 5033

      SHOPPING CENTER, STRIP CENTER • 25,438 SF
      5001 Howard Ave, Milwaukee, WI 53220-2025
      View Details
    • Value Estimation
      $235,000
      6,502 SF

      6724 Morgan Ave

      SHOPPING CENTER, STRIP CENTER • 6,502 SF
      6724 Morgan Ave, Milwaukee, WI 53220-1340
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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    • Contact for pricing
      45,567 SF

      Milwaukee Retail Center Investment Opportunity

      High-traffic retail space available in Milwaukee.
      6023 Forest Home Ave, Milwaukee, WI 53220
      View Details
    • $19 SF/Yr
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    6023 Forest Home Ave
    Milwaukee, WI 53220
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    Realmo Value Estimation

    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.

    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.

    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
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