1112 S 60Th St, West Allis, WI 53214

0.16 ac lot

Entity Owned 7-yr Hold Free & Clear

Property ID

US92-0600415

$536,250

1112 S 60Th St, West Allis, WI 53214
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This 3,712 square foot retail property, located at 1112 S 60th St in West Allis, Wisconsin, presents a compelling investment opportunity. Built in 1947 and situated on a 0.16-acre lot, the building boasts a recently renovated exterior, including a new stone facade, new glass block windows on the side and rear, a new roof, and new gutters. The interior has also been refreshed with new paint and LED lighting. The property includes an overhead door in the rear, providing convenient access, and a freshly paved parking lot with a side driveway. The building previously operated as a pottery shop and is suitable for various uses, including retail, office, or light distribution. Currently leased to a daycare for three years (August 1, 2024 - August 1, 2027), the lease features a graduated rent structure: $3,000/month for the first six months, $3,500/month for months 6-12, $4,000/month for year two, and $4,500/month for year three. The asking price is $536,250, representing a price per square foot of $80.82. The property includes a finished basement, adding to its overall usable space. This turnkey property offers a strong potential for both immediate income and long-term appreciation. The combination of recent renovations, a desirable location in Milwaukee County, and a stable lease make this an attractive investment.