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Property profile & analytics
OFF-MARKET
Office buildings

2007 Capitol Dr Milwaukee, WI 53206-1939

2,474 SF 0.1 ac lot Built 1950
Entity Owned 20-yr Hold
Property ID
US92-2026431
Property summary
AI-generated overview

This 2,474 square foot mixed-use commercial building in Milwaukee, WI, presents a compelling investment opportunity. Located at 2007 W Capitol Dr, this 1950-built property sits on a 0.1-acre lot and boasts a spacious brick structure. The main floor features a commercial unit currently occupied by an established tenant, including a front office, lobby, half bath, private office, and two additional rooms. Upstairs, a turnkey apartment is ready for immediate owner occupancy or rental, featuring an updated eat-in kitchen with newer cabinets and countertops, a living room with fireplace, a full bath, and two large bedrooms. Recent improvements include a new roof (March 2023), upstairs window replacements (2022), a new upstairs furnace (2019), and updated chimney flashing. Heating is provided by forced air with central air conditioning upstairs and boiler heat for the commercial unit. A full basement includes a sump pump, circuit panels, and a bonus office space. A one-car detached brick garage with a newer door and electric door opener completes the property. The property's convenient location and visibility make it ideal for a variety of uses. 2022 property taxes were $2,886. This quality property offers significant potential for income and appreciation. The MLS number is 1846839.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1950
Total area 2,474 SF
Lot 0.1 ac (4,290 SF)
Zoning code LB2
APN 270-0318-000
UPID US92-2026431
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
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Comparable Approach Comparable
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Owner & transaction history
2007 W Capitol LLC · 20 yrs held
2007 W Capitol LLC
since 2006
5 recorded transactions
2019
Price N/A
2006
$170,000
2005
$100,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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