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Property profile & analytics
FOR LEASE
Industrial properties

3258 W Fond Du Lac Ave Milwaukee, WI 53210

32,719 SF 1.28 ac lot Built 1927
Entity Owned 7-yr Hold Free & Clear
Property ID
US92-0534779
Property summary
AI-generated overview

This expansive 36,000 square foot industrial building, located at 3258 W Fond Du Lac Ave in Milwaukee, Wisconsin, presents a significant investment opportunity. Originally used for steel manufacturing, this property boasts heavy power and is perfectly suited for various industrial uses, including manufacturing, warehousing, and distribution. Recent renovations are extensive and include 110 new high-bay LED light fixtures in the warehouse, new office lighting, 15 new area furnaces, two new standard furnaces, and two new AC units for the office spaces. A complete interior and exterior paint job enhances the aesthetic appeal. Safety upgrades include new emergency lighting throughout, brought up to code. Office and bathroom renovations have been completed. The roof has also undergone significant improvements, with one-third replaced with a new rubber tear-off, one-third with a new silicone spray-over, and one-third already in good condition. Three new dock doors facilitate efficient loading and unloading. The property features a gated and fenced driveway and parking lot, along with a newly paved driveway and dock door entrance. The 1.28-acre lot provides ample space for operations and expansion. Built in 1919, this building offers a blend of historical character and modern functionality, making it an attractive proposition for discerning investors seeking a well-maintained and upgraded industrial space in a prime Milwaukee location. The asking price is $675,000. Zip code: 53210.

Property profile
Verified
Property type Industrial properties
Use group CONSTRUCTION/CONTRACTING SERVICES
Year built 1927
Total area 32,719 SF
Lot 1.28 ac (55,713 SF)
Zoning code IH
APN 309-0007-000
UPID US92-0534779
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
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$861k
Blend (final) Blend
$655k
Owner & transaction history
Steggeman Investments LLC · 7 yrs held
Steggeman Investments LLC
since 2019
1 recorded transaction
2019
$140,000
Zoning & alternative use
IH · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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