3101 Delaware Ave Milwaukee, WI 53207
- Office buildings
- 6,420 SF
- 0.12 lot acres
Current Use by Public Records
- Julie E. Vance, DC / Chiropractor
- Dana Doty / Acupuncturist
- Sweetgrass Acupuncture and Herbs / Acupuncturist
- Chiropractic Health and Wellness / Chiropractor / Massage Therapist
- Jennifer Prall / Massage Therapist
Property Details for 3101 Delaware Ave
- Year built
- 1936
- Lot size
- 0.12 lot acres
- Property size
- 6,420 SF
- Zone code
- LB2
- Property type
- Office buildings
- APN
- 541-0709-000
- APU
- 5410709000
Description
This exceptional 3,000-square-foot retail space, located at 3101 S Delaware, offers a unique opportunity in the desirable Bay View submarket. Built in 1936 and situated across from Oklahoma Ave, this two-story building is zoned LB2, providing versatility for a range of businesses. Currently vacant, the space boasts a flexible layout previously configured as a chiropractic office, featuring a reception area, five private rooms, and a larger open area. This allows for adaptability to suit various needs. The property is easily divisible, accommodating tenants requiring spaces as small as 1,200 square feet or up to a contiguous 3,000 square feet. The modified gross lease structure is straightforward: tenants are responsible for separately metered utilities, a proportional share of the water bill, and sidewalk snow removal. This prime location, combined with its adaptable layout and convenient lease terms, makes this property an ideal choice for a variety of businesses seeking a well-established presence in the vibrant Bay View area. The building's history and character offer a unique charm, while the modern layout provides the functionality needed for today's businesses. Don't miss this chance to secure a prominent space in a thriving neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $395,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $505,000
- Retail
- $455,000
- Mixed-Use
- $460,000
- Hospitality
- $490,000
- Educational
- $445,000
- Residential Income
- $385,000
- Energy
- $535,000
- Income-Based Land
- $385,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.8773
- Latitude
- 42.9879
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
