1820 Drexel Ave Oak Creek, WI 53154
- Commercial real estate
- 1.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1820 Drexel Ave
- Lot size
- 1.40 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.4-acre property, located at 1820 W Drexel Ave in Oak Creek, Wisconsin (zip code 53154), presents a unique investment opportunity. Situated in Milwaukee County, this combined two-parcel corner lot boasts a prime location, offering significant development potential. The property is zoned for a variety of uses, including residential (single and multi-unit), industrial, commercial, and general business, providing flexibility for a wide range of projects. Its strategic position near IKEA, hotels, conference centers, and numerous retail and restaurant establishments ensures high visibility and accessibility. The asking price is $1,590,000. Currently, an occupied residential home sits on the land, adding to the potential uses and revenue streams. The property's substantial size and versatile zoning make it ideal for developers seeking to capitalize on Oak Creek's thriving growth. With its convenient location and diverse zoning possibilities, this land parcel offers a compelling opportunity for significant return on investment. The latitude and longitude coordinates are 42.902384 and -87.93926 respectively. This is a rare chance to acquire a large, mixed-use parcel in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oak Creek
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.93926
- Latitude
- 42.902384
