Property profile

422 424th S 2nd St Milwaukee, WI 53204

OFF-MARKET
Bars & Pubs
Property ID
US92-1053373
6,140 SF 0.07 ac lot Built 1894
Entity Owned 8-yr Hold
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Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1894
Total area 6,140 SF
Lot 0.07 ac (3,000 SF)
Zoning code IM
APN 428-0335-000
UPID US92-1053373

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Historical Place Museum
  • Restaurant

Location

422 424th S 2nd St Milwaukee, WI 53204
Milwaukee metro Census 186500 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$593k
Blend (final) Blend
$315k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

IM · Milwaukee, WI
Zoning description

Industrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED non…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $730,000 +21.5%
Apartment house (5+ units) $660,000 +9.9%
Medical building $630,000 +4.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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