5460 27th St Milwaukee, WI 53221-3726
This exceptional 7,782 square foot retail property, located at 5460 S 27th St in Milwaukee, Wisconsin, presents a compelling investment opportunity. Boasting a high-profile corner location on a sought-after commercial corridor, this single-tenant building offers significant visibility and accessibility. The property features approximately 3,900 square feet of retail space on the first floor and an additional approximately 3,900 square feet of lower-level space, providing ample room for a variety of uses. Ideal for owner-occupiers or investors seeking a strong tenant, this building underwent interior and exterior renovations in 2019, ensuring modern aesthetics and functionality. Convenient access is provided by two front drive entrances/exits and one rear drive entrance/exit. The property sits on a 0.69-acre lot and includes 40 parking spaces, catering to both employees and customers. With approximately 27,000 vehicles passing daily on S 27th St, this location guarantees high traffic volume and excellent exposure. The property's APN is 6449899100 and is zoned LB1. Built in 1955, this well-maintained building offers a blend of established presence and recent upgrades, making it a truly attractive proposition in the Milwaukee market. The asking price is $995,000.
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Alameera Fashion Clothing Store Women'S Clothing Store
2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities are of major significance. Good access by motor vehicle or public transit is important to local business districts, which are often located ad…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LB1 · Milwaukee, WI2. LOCAL BUSINESS DISTRICTS (LB1-LB3). These districts provide a wide range of goods and services to a large consumer population coming from an extensive area. Within these districts, motor-vehicle- related activities are of major significance. Good access by motor vehicle or public transit is important to local business districts, which are often located adjacent to intersections of major thoroughfares and in close proximity to bus transfer locations. The LB1 district is characterized by a more suburban development pattern, with larger lots and deeper setbacks, while the development pattern in the LB2 district tends to be more urban, with smaller lots and smaller setbacks. The LB3 district is the most urban and is characterized by design standards appropriate for neighborhood commercial hubs, centers, corridors and transit-oriented development areas that have a denser level of development and may have taller buildings, all of which promote compact, walkable, sustainable neighborhoods. 3. REGIONAL BUSINESS DISTRICTS (RB1-RB2). These districts provide areas where regional or city-wide shopping, employment or high-density residential uses may occur. These districts allow large-scale and tall buildings. They also have a high intensity of land use and may contain nodes of development that can be effectively served by public transportation. The RB1 district is characterized by a more suburban development pattern, with larger lots and deeper setbacks, while the development pattern in the RB2 district tends to be more urban, with smaller lots and smaller setbacks. 4. COMMERCIAL SERVICE (CS). This district is intended to provide areas where businesses and personal service establishments can be accommodated, but where extensive retail activities are not warranted by city plans. 295-603. Uses. 1. USE TABLE. Table 295-603-1 indicates the use classifications for various land uses in the commercial districts. The uses in this table are defined in s. 295-201. The following are the use classifications indicated in Table 295-603-1: a. “Y" indicates a permitted use. This use is permitted as a matter of right subject to all performance standards. b. "L" indicates a limited use. This use is permitted only when the use meets the standards of sub. 2. If the use cannot meet these standards, it shall be permitted only upon board approval of a special use permit pursuant to s. 295-311-2, unless otherwise prohibited by sub. 2. c. "S" indicates a special use. This use is permitted only if the board approves a special use permit pursuant to s. 295-311-2. d.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
