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    Property profile & analytics

    550 Grange Ave Milwaukee, WI 53207

    • Retail space
    • 6,027 SF
    • 4.77 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Value Estimation
    $550,000
    Last Sale
    Jan 08, 2020
    $550,000
    Location Intelligence
    Property ID
    US92-0717636
    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

    • Milwaukee Lyft Flexdrive / Car Rental Agency
    • Milwaukee, WI - Lyft / Transcription Service / Transportation Service

    Property Details for 550 Grange Ave

    Year built
    1996
    Lot size
    4.77 lot acres
    Property size
    6,027 SF
    Zone code
    IL1
    Property type
    Retail space
    APN
    641-0151-000
    APU
    6410151000

    Description

    The Airport Commerce Center, a Class A power center located at 550 W Grange Ave in Milwaukee, Wisconsin, presents a unique opportunity for a large-scale retail tenant. This expansive property boasts a total of 160,800 square feet of retail space, currently entirely vacant and available for immediate occupancy. The minimum divisible space is 80,000 square feet, while the maximum contiguous space available is the entire 160,800 square feet, offering flexibility for various retail concepts. The property is situated in Milwaukee County, Wisconsin, with a convenient zip code of 53207. Ample parking is provided with 336 car parking stalls. The building is equipped with robust 480V 3-Phase power, ensuring sufficient capacity for demanding retail operations. This prime location offers exceptional visibility and accessibility, making it an ideal choice for businesses seeking a significant presence in the Milwaukee market. The property's size and features make it suitable for a variety of retail uses, from big-box stores to multi-tenant developments. Interested parties should act quickly to secure this exceptional retail opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $515,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $615,000
      Mixed-Use
      $660,000
      Hospitality
      $675,000
      Educational
      $565,000
      Residential Income
      $540,000
      Energy
      $595,000
      Income-Based Land
      $525,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.919
    Latitude
    42.9464
    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
    $12,498
    $524,800
    $100
    $524,900
    -
    $524,800
    $100
    $524,900

    Comparable in this City

    • Value Estimation
      $360,000
      1,240 SF

      4080 Howell Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,240 SF
      4080 Howell Ave, Milwaukee, WI 53207-4408
      View Details
    • Value Estimation
      $1,025,000
      3,200 SF

      6110 Howell Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      6110 Howell Ave, Milwaukee, WI 53207-6236
      View Details
    • Value Estimation
      $1,590,000
      13,897 SF

      3555 Howell Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,897 SF
      3555 Howell Ave, Milwaukee, WI 53207-3321
      View Details
    • Value Estimation
      $480,000
      4,353 SF

      4337 Howell Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,353 SF
      4337 Howell Ave, Milwaukee, WI 53207-5029
      View Details
    • Value Estimation
      $715,000
      5,085 SF

      2159-2161 Kinnickinnic Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,085 SF
      2159-2161 Kinnickinnic Ave, Milwaukee, WI 53207
      View Details
    • Value Estimation
      $500,000
      6,921 SF

      2895 2899th S Kinnickinnic Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,921 SF
      2895 2899th S Kinnickinnic Ave, Milwaukee, WI 53207
      View Details

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    Similar Nearby for Lease

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    550 Grange Ave
    Milwaukee, WI 53207
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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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