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Property profile & analytics
FOR SALE
Parking lots & garages

522 N 2Nd St Milwaukee, WI 53203

76,642 SF 0.93 ac lot Built 1951
Entity Owned 4-yr Hold Free & Clear
Property ID
US92-3388494
Property summary
AI-generated overview

This exceptional 1.84-acre development site in Milwaukee's vibrant Westown neighborhood presents a unique investment opportunity. Located at 522 N 2nd St, Milwaukee, WI 53203, this property encompasses two parcels (APN: 3610784100, 3610786110) currently used as surface parking lots, offering significant income potential during the planning phase. The site boasts a prime location, occupying half a city block with frontage on N 2nd St, W Michigan St, and Clybourn St. Its C9F(A) zoning allows for diverse development options, including multifamily residential, office, and hotel uses. The area is experiencing remarkable growth, fueled by major employers like Fiserv, Milwaukee Tool, and Regal Rexnord, along with the forthcoming Iron District MKE, a transformative mixed-use development including an 8,000-seat soccer stadium. This property benefits from exceptional access and connectivity, adjacent to I-794 and within walking distance of public transportation, including bus lines and The Hop streetcar. Proximity to amenities such as food halls, the Riverwalk, and entertainment venues further enhances its appeal. Milwaukee's Downtown Plan 2040 aims to significantly increase downtown's population and employment, positioning this site for substantial long-term growth. The property is offered for sale with 100% ownership. This is an unparalleled chance to capitalize on Milwaukee's dynamic urban revitalization.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1951
Total area 76,642 SF
Lot 0.93 ac (40,633 SF)
Zoning code C9F(A)
APN 361-0786-110
UPID US92-3388494
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
$6.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.49M
Owner & transaction history
Npg Mkei Michigan LLC · 4 yrs held
Npg Mkei Michigan LLC
since 2022
Last sale
$5.0M
4 recorded transactions
2022
$5.0M
2015
$4.9M
2008
$3.9M
1969
Price N/A
Zoning & alternative use
C9F(A) · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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