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Property profile & analytics
FOR LEASE
Retail space

1601 W Wells St Milwaukee, WI 53233

2,367 SF 0.11 ac lot Built 1972
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US92-0911295
1601 W Wells St, Milwaukee, WI 53233 For Lease
Contact for pricing
1601 W Wells St, Milwaukee, WI 53233
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Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Total area 2,367 SF
Lot 0.11 ac (4,960 SF)
Zoning code LB2
APN 363-2696-000
UPID US92-0911295
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Marquette University · 15 yrs held
Marquette University
since 2010
4 recorded transactions
2010
$780,000
2010
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning districts, a private elderly housing project shall have 2 parking spaces for every 3 dwelling units. Public housing for low-income families and…

Zone name Local Business Districts
General category COMMERCIAL
Source Master V2
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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