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    3970 Oakland Ave Shorewood, WI 53211-2265
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    Property profile & analytics

    3970 Oakland Ave Shorewood, WI 53211-2265


    • Office buildings
    • 46,416 SF
    • 1.41 lot acres
    Off-Market
    Last Sale Jul 28, 2021
    $4,500,000
    Property ID
    US92-1099819
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,610,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 3970 Oakland Ave

    Year built
    1974
    Lot size
    1.41 lot acres
    Property size
    46,416 SF
    Property type
    Office buildings
    APN
    276-0749-006
    APU
    2760749006

    Description

    This 650-square-foot medical office suite is located in the desirable Shorewood, Wisconsin, Village at 3970 N Oakland Ave #406. The space is available for lease at a gross rent of $1,314 per month and includes tenant improvements such as fresh paint, new carpeting, and ceiling tiles. The building is a newly renovated, eco-friendly, and energy-efficient structure featuring the second-largest solar-paneled wall in Wisconsin. Building renovations also include a natural wood wall in the lobby, hallways, updated lighting, and renovated restrooms on every floor. Exterior improvements include new landscaping and a paved parking lot with four electric car charging stations. The building offers 130 total parking spaces and elevator access within its ten stories. The suite boasts an 8-10 foot ceiling height. This single-tenant space is conveniently located near restaurants and shops, and just minutes from downtown Milwaukee. Marque space is available for an additional fee. Tenants are responsible for maintaining the cleanliness of their unit and waste removal.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,705,000
      ML approach
      $5,565,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,791,000
      Market price range: $2.79M - $6.10M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,620,000
      Current use
      COMMERCIAL (GENERAL)
      $6,585,000
      Change: +82% Conversion: Easy
      RESTAURANT
      $5,895,000
      Change: +63% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,665,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $4,975,000
      Change: +37% Conversion: Moderate
      MEDICAL BUILDING
      $4,805,000
      Change: +33% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,260,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Shorewood
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8866
    Latitude
    43.0888
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $63,482
    $1,391,300
    $1,246,500
    $2,637,800
    -
    $0.00
    $0.00
    $0.00
    More about this property
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