Property profile

1010 West Layton Ave Milwaukee, WI 53221

FOR LEASE
Automotive properties
Property ID
US92-0902852
4,000 SF 0.58 ac lot Built 2007
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

IHOP Plaza offers exceptional retail opportunities in a prime Milwaukee County location. This well-designed strip center and pad site boasts two available spaces, ranging from 1,585 square feet to 3,350 square feet, perfect for a variety of uses including restaurants and medical offices. The property enjoys a highly visible position along the heavily trafficked Layton Avenue commercial corridor, ensuring significant exposure to potential customers. Its convenient access to the interstate provides easy accessibility for both employees and patrons. Furthermore, the plaza benefits from its proximity to Mitchell International Airport, attracting a diverse clientele. The center's design prioritizes ease of access and ample parking, enhancing the overall shopping experience. This is an excellent investment opportunity for businesses seeking a high-traffic location with strong visibility and convenient access to major transportation routes. The available spaces present a unique chance to establish or expand a business within a thriving commercial area, capitalizing on the significant foot and vehicle traffic generated by the Layton Avenue corridor and its proximity to the airport. Serious inquiries are encouraged to explore this exceptional retail property.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2007
Total area 4,000 SF
Lot 0.58 ac (25,355 SF)
Zoning code LB1
APN 593-9922-000
UPID US92-0902852

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Barber Shop
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Bank Credit Union

Location

1010 West Layton Ave Milwaukee, WI 53221
Milwaukee metro Census 21000 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$782k
Blend (final) Blend
$400k

Owner & transaction history

since 2021
6 recorded transactions
2025
Price N/A
2021
$40,000
2016
Price N/A
2004
$110,000
2004
Price N/A
1969
Price N/A

Zoning & alternative use

LB1 · Milwaukee, WI
Zoning description

2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities ar…

General category COMMERCIAL
Top alternative use upside
Retail stores $690,000 +44.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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