Property profile

5917 Howell Ave Milwaukee, WI 53207

OFF-MARKET
Warehouses
Property ID
US92-0229174
14,612 SF 9.91 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Milwaukee commercial property, encompassing 2,630 - 14,612 square feet across multiple buildings, presents a unique investment opportunity. The property, built in 1973 and renovated in 2008, features a mix of retail, office, and industrial spaces, including a distribution center and executive office areas. The buildings boast 18-foot ceilings and are situated on .11 to 10.34 acres of land, with ample parking in a fenced lot. The property includes a separate shop building with heavy power, two restrooms, and an office, ideal for sales and service businesses. Its prime location on S. Howell Avenue offers easy freeway access and proximity to Milwaukee Mitchell International Airport. The property's rich history is reflected in its unique architectural details, incorporating salvaged fixtures from iconic Milwaukee and Chicago landmarks, including the John Ernst Pub, Pabst Brewing, Hotel Loraine, County Stadium, Schlitz Brewery, Blackstone Hotel, and Plankinton Arcade. The property's permitted zoning is Commercial/Industrial

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 14,612 SF
Lot 9.91 ac (431,680 SF)
Zoning code IL1
APN 687-9998-111
UPID US92-0229174

Cap rate & NOI

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

Location

5917 Howell Ave Milwaukee, WI 53207-6231
Milwaukee metro Census 21700 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
$995k
Comparable Approach Comparable
$734k
Blend (final) Blend
$965k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

IL1 · Milwaukee, WI
Zoning description

(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 In…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.6M +71.5%
Medical building $1.5M +60.5%
Neighborhood: shopping center $1.4M +45.1%

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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