Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    501 Historic Mitchell St, Unit 505 Milwaukee, WI 53204-3510

    • Investment properties
    • 7,252 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $860,000
    Last Sale
    Oct 21, 2024
    $875,000
    Location Intelligence
    Property ID
    US92-0784782
    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.

    Current Use by Public Records

    • Jackson Hewitt Tax Service / Tax Preparation / Tax Consultant

    Property Details for 501 Historic Mitchell St

    Year built
    1888
    Lot size
    0.16 lot acres
    Property size
    7,252 SF
    Zone code
    LB2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    462-0625-000
    APU
    4620625000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $915,000
      6.5%
      $805,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $865,000
      Geo Method
      $790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $880,000
      Retail
      $735,000
      Mixed-Use
      $765,000
      Hospitality
      $940,000
      Educational
      $825,000
      Residential Income
      $705,000
      Energy
      $685,000
      Income-Based Land
      $850,000
      Food Service
      $945,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.917
    Latitude
    43.012
    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
    2023
    $7,591
    $28,100
    $269,500
    $297,600
    -
    $0.00
    $0.00
    $357,600

    Comparable in this City

    • Value Estimation by Request
      1,882 SF

      1813 1815th S 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,882 SF
      1813 1815th S 8th St, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      1,305 SF

      1628 1630th W Frst Home Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,305 SF
      1628 1630th W Frst Home Ave, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      2,178 SF

      2000 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,178 SF
      2000 14th St, Milwaukee, WI 53204-3846
      View Details
    • Value Estimation by Request
      1,554 SF

      1616 1618th S Cesar E Chavez Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,554 SF
      1616 1618th S Cesar E Chavez Dr, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      18,250 SF

      221 225th S 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 18,250 SF
      221 225th S 2nd St, Milwaukee, WI 53204
      View Details
    • Value Estimation by Request
      28,530 SF

      621 Historic Mitchell St, Unit 633

      OFFICE/RESIDENTIAL (MIXED USE) • 28,530 SF
      621 Historic Mitchell St, Milwaukee, WI 53204-3513
      View Details

    Similar Nearby for Sale

    • $300,000
      0.09 Acres

      Mixed-Use Property: Investment Opportunity

      Mixed-use property with storefront and three turnkey rentals in Milwaukee.
      2411 W Mitchell St, Milwaukee, WI 53204
      View Details
    • $299,900
      5,262 SF

      Mixed-Use Building on Historic Mitchell

      Storefront with residential income in Milwaukee's Historic Mitchell Street.
      1117 W Mitchell St, Milwaukee, WI 53204
      View Details
    • $500,000
      6,100 SF

      Milwaukee 8-Unit Brick Building

      Excellent Clarke Square investment opportunity. Eight 1-bedroom units, value-add potential.
      823 S 22nd St, Milwaukee, WI 53204
      View Details
    • $199,900
      1,977 SF

      Spacious Duplex in Milwaukee

      Well-maintained duplex with original features and convenient city access.
      2111 West Burnham St, Milwaukee, WI 53204
      View Details
    • $580,000

      Land in Walker's Point

      Land available in Walker's Point near I-94 and I-43.
      717 S 6Th St, Milwaukee, WI 53204
      View Details
    • $1,000,000

      Land For Sale Milwaukee

      Land available for sale in Milwaukee, Wisconsin.
      101 S 2Nd St, Milwaukee, WI 53204
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,000 SF

      Mixed-Use Property with Surface Parking

      Urban mixed-use property near major employers and high-traffic intersection.
      1320 S 1St St, Milwaukee, WI 53204
      View Details
    • $16 SF/Yr
      84,000 SF

      Eagleknit Building: Creative Office Space

      Milwaukee Creative Office, 84,000 SF Available
      507 2Nd St, Milwaukee, WI 53204
      View Details
    • $19 SF/Yr
      1,300 SF

      Walker's Point Retail Space Available

      Prime location near restaurants, stores, and high-density area.
      1023-1027 S 5Th St, Milwaukee, WI 53204
      View Details
    • $20 SF/Yr
      3,945 SF

      Milwaukee Retail Space for Lease

      Vibrant Walker's Point location, 3 spaces available
      300 Florida St, Milwaukee, WI 53204
      View Details
    • $16 SF/Yr
      12,435 SF

      Milwaukee CBD Commercial Space Available

      Prime commercial space in Milwaukee's central business district.
      1000-1040 N Water St, Milwaukee, WI 53204
      View Details
    • $23 SF/Yr
      3,500 SF

      Walker's Point Flex Space

      Customizable first-floor space in a vibrant commercial corridor.
      191-193 S 2Nd St, Milwaukee, WI 53204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Historic Mitchell St, Unit 505
    Milwaukee, WI 53204-3510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.