621 W Historic Mitchell St Milwaukee, WI 53204
Property profile & analytics
621 W Historic Mitchell St, Milwaukee, WI 53204
- Investment properties
- 28,530 SF
- 0.32 lot acres
Property ID
US92-1330913
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.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 621 W Historic Mitchell St
- Year built
- 2002
- Lot size
- 0.32 lot acres
- Zone code
- LB2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 461-0502-100
- APU
- 4610502100
Description
This exceptional commercial property, located at 621-627 West Historic Mitchell Street in Milwaukee County, presents a unique investment opportunity. The building, formerly a Social Security office, offers a substantial 8,140 square feet of adaptable space, ideal for a variety of professional uses. The property is classified as both office and retail, allowing for flexible tenancy arrangements. Currently, there is one large space available, perfect for a single tenant seeking a prominent location or a business looking to expand. The building's history as a professional office lends itself to a seamless transition for similar businesses, offering established infrastructure and a reputable address. The "Traditional Office" and "Storefront" subtypes suggest a layout that could accommodate both private office spaces and a more public-facing retail area, depending on the tenant's needs. The multiple tenancy designation indicates the potential for subdivision, should a larger tenant desire to lease only a portion of the available space. This prime Milwaukee location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a vibrant area. Serious inquiries are encouraged to explore the possibilities of this versatile and historically significant property. The property's size and layout offer significant potential for customization and adaptation to suit a wide range of business requirements. This is a rare opportunity to acquire a substantial space in a desirable Milwaukee location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,573,000
- AI Estimate
- $2,701,000
Market price range: $862k - $2.59MMarket price range: $985k - $2.72M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,770,000 Current use
- RETAIL STORES
- $4,590,000 Change: +160% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,405,000 Change: +93% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $3,075,000 Change: +74% Conversion: Moderate
- MEDICAL BUILDING
- $2,935,000 Change: +66% Conversion: Easy
- RESTAURANT
- $2,800,000 Change: +58% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,655,000 Change: +50% Conversion: Difficult
- OFFICE BUILDING
- $2,260,000 Change: +28% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9195
- 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
2022
$40,963
$41,400
$1,679,000
$1,720,400
-
$41,400
$1,679,000
$1,720,400
