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Property profile & analytics
OFF-MARKET Estimated value $2,080,000
Drug stores

6707 Hampton Ave Milwaukee, WI 53218-4833

13,855 SF 1.26 ac lot Built 1998
Trust Owned 14-yr Hold Free & Clear
Property ID
US92-1153161
Property summary
AI-generated overview

This exceptional 13,905-square-foot retail space is ideally situated at 6707 W Hampton Avenue in Milwaukee, Wisconsin, within Milwaukee County. The property boasts a single-tenant occupancy configuration, currently entirely vacant, presenting a unique opportunity for a prospective tenant to establish a significant presence in a bustling Milwaukee neighborhood. The building's substantial size offers ample space for a variety of retail uses, allowing for flexible layout and design to accommodate specific business needs. Its location in the 53218 zip code provides excellent access to a strong customer base and convenient transportation links. The property is classified as commercial retail and offers a blank canvas for a new business venture. All offers are subject to the Walgreens Real Estate Committee's approval. This is a prime opportunity for a business seeking a large, high-visibility location in a thriving Milwaukee market. The property's size and vacant status make it an attractive proposition for businesses looking to expand or establish a new location. Detailed site plans and specifications are available upon request. Serious inquiries only. This is a single-tenant building, offering a unique opportunity for a business to occupy the entire space. The property's location in Milwaukee, Wisconsin, offers access to a diverse population and strong local economy. The property is ready for immediate occupancy.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1998
Total area 13,855 SF
Lot 1.26 ac (54,798 SF)
Zoning code LB2
APN 226-1181-000
UPID US92-1153161
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
Current use
Occupant on record · Public records
  • Walgreens Pharmacy
  • COVID-19 Drive-thru Testing at Walgreens Medical Laboratory
  • Bitcoin Depot | BDCheckout Atm
  • Western Union Bank Credit Union
  • Junghee Lee Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.05M
Comparable Approach Comparable
$2.56M
Blend (final) Blend
$2.08M
Owner & transaction history
Pharmacy Portfolio V Dst Trust · 14 yrs held
Pharmacy Portfolio V Dst Trust
since 2012
3 recorded transactions
2012
$3.0M
2004
$3.0M
1969
Price N/A
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning districts, a private elderly housing project shall have 2 parking spaces for every 3 dwelling units. Public housing for low-income families and…

Zone name Local Business Districts
General category COMMERCIAL
Source Master V2
Top alternative use upside
Apartment house (5+ units) $2.4M +60.8%
Restaurant $1.8M +18.2%
Auto repair, garage $1.7M +10.8%
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