2972 2974th S 13th St Milwaukee, WI 53215
- Retail space
- 13,752 SF
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 2972 2974th S 13th St
- Year built
- 1915
- Lot size
- 0.17 lot acres
- Property size
- 13,752 SF
- Zone code
- LB2
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 507-1020-000
- APU
- 5071020000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $595,000
- 7%
- $560,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $540,000
- Mixed-Use
- $610,000
- Hospitality
- $655,000
- Educational
- $490,000
- Residential Income
- $565,000
- Energy
- $575,000
- Income-Based Land
- $580,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9284
- Latitude
- 42.9903
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
