1820 Drexel Ave Oak Creek, WI 53154
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.