10003 W Carmen Ave Milwaukee, WI 53225
For Sale
This exceptional 6,131-square-foot flex/warehouse property, located at 10003 W. Carmen Avenue in Milwaukee, Wisconsin, presents a compelling investment opportunity. Built in 1962, the building sits on a 0.253-acre lot and boasts a desirable IL-1 zoning designation. The property features a spacious layout with a combination of office and warehouse space, including private offices and a conference room. Ceiling heights range from 12 to 14 feet, providing ample vertical space. The property includes eight parking spaces and one drive-in bay. The HVAC system is gas forced air. The building's location offers convenient access to major transportation routes, being just minutes from I-41/45 via Silver Spring Drive, and situated north of Silver Spring Drive and Appleton Avenue. The property is offered at an asking price of $275,000 with a NNN lease type. Power to the building is the responsibility of the buyer/tenant. The assessed property number (APN) is 1799982321. This versatile property is ideal for a variety of businesses seeking a functional and well-located space.
(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, L…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IL1 · Milwaukee, WI(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, LF, MSP) 295-1001 Overlay Zone Purposes 295-1003 Neighborhood Conservation Overlay Zone 295-1005 Interim Study Overlay Zone 295-1007 Development Incentive Overlay Zone 295-1009 Site Plan Review Overlay Zone 295-1013 Shoreland-Wetland Overlay Zone 295-1015 Lakefront Overlay Zone 295-1017 Master Sign Program Overlay Zone SUBCHAPTER 11 FLOODPLAIN OVERLAY ZONES (FW, FF, FSD, GFP, CFP) 295-1101 Statutory Authorization 295-1103 Finding of Fact 295-1105 Purposes 295-1107 Definitions 295-1109 Areas to Be Regulated 295-1111 Annexed Areas 295-1113 Abrogation And Greater Restrictions 295-1115 Interpretation 295-1117 Procedures 295-1119 Standards Applicable to All Floodplain Overlay Zones 295-1121 Standards for Development In the Floodway Overlay Zone 295-1123 Standards for Development in the Flood Fringe Overlay Zone 295-1125 Standards for Development in the Flood Storage Overlay Zone 295-1127 Standards for Development in the General Floodplain Overlay Zone 295-1128 Standards for Development in the Coastal Floodplain Overlay Zone 295-1129 Permits Required 295-1131 Certificate of Compliance 295-1133 Floodproofing 295-1135 Nonconformities 295-1137 Administration 295-1139 Government Agencies Regulated 295-1141 Removal of Lands from Floodplain 295-1143 Amendments 295-1145 Warning and Disclaimer of Liability 295-1149 Board of Zoning Appeals 295-1150 Compliance 295-1151 Enforcement and Penalties 295-1153 Severability Zoning 295-101 -653- 4/22/2025 ZONING SUBCHAPTER 1 INTRODUCTION 295-101. Title. This chapter shall be known as the “City of Milwaukee Zoning Code” and may be referred to as the "zoning code.” The locations of the districts enumerated in this chapter, and boundaries of such districts, are established as shown on the zoning map located in the office of the city plan commission. The map referred to herein shall be known as the “City of Milwaukee Zoning Map,” and may be referred to as the "zoning map". 295-103. Purpose. The purposes of this chapter are to: 1. Promote land uses and development that are consistent with the city's comprehensive plan. 2. Promote and protect the public health, safety and general welfare of the city. 3. Secure safety from fire, overcrowding and other dangers. 4.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
