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Property profile & analytics
OFF-MARKET Estimated value $600,000
Retail space

2972 2974th S 13th St Milwaukee, WI 53215

13,752 SF 0.17 ac lot Built 1915
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US92-1097971
Property summary
AI-generated overview

This exceptional commercial property, located at 2972 S 13th STREET Unit 2974 in Milwaukee, Wisconsin, offers 13,752 square feet of versatile space on a 0.17-acre lot. Its prime location on a high-traffic section of 13th Street ensures excellent visibility and exposure, making it ideal for a variety of businesses. Currently operating as a liquidation/bargain store, the property presents numerous redevelopment possibilities. The existing structure includes a ground floor, a full second floor, and a full basement, offering ample room for expansion or modification. The property features a convenient overhead door at the rear, facilitating easy loading and unloading. Potential uses are extensive and include, but are not limited to, warehouse space, office space, retail space, or even a furniture store. Detailed blueprints are available for a potential multi-apartment conversion, showcasing the property's adaptability and significant future development potential. The asking price for this substantial commercial property is $6,500. This is a rare opportunity to acquire a well-situated, large-scale commercial property with significant upside potential in a thriving Milwaukee location. The seller is also considering selling the existing business. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1915
Total area 13,752 SF
Lot 0.17 ac (7,320 SF)
Zoning code LB2
APN 507-1020-000
UPID US92-1097971
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
$675k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k
Owner & transaction history
Oweisi Enterprises LLC · 4 yrs held
Oweisi Enterprises LLC
since 2022
Last sale
$540,000
2 recorded transactions
2022
$540,000
2007
$377,000
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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