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Property profile & analytics
OFF-MARKET Estimated value $1,775,000
Warehouses

907 1st St Milwaukee, WI 53204-1818

46,212 SF 0.8 ac lot Built 1907
Entity Owned 14-yr Hold
Property ID
US92-0106695
Property summary
AI-generated overview

This exceptional three-story retail building, located at 907 S 1st St in Milwaukee, Wisconsin, presents a unique investment opportunity. Boasting 44,433 square feet of space, this historic structure, built in 1907, sits on a 0.803-acre lot (APN 4310949111) and is zoned IM Industrial-Mixed, offering considerable flexibility for future development. The asking price is $2,800,000. The property's prime location in the desirable Walker's Point/Fifth Ward neighborhood is a significant advantage. A key feature is the inclusion of an adjacent parking lot within the sale, addressing a crucial need for retail spaces. The building's three stories above ground present potential for conversion and adaptive reuse, allowing for creative expansion or modification to suit a variety of commercial needs. This historic building offers a blend of character and potential, making it an attractive proposition for investors seeking a substantial property in a thriving Milwaukee neighborhood. The property's size and zoning provide ample opportunity for a range of commercial ventures. The inclusion of the adjacent parking lot further enhances its appeal and practicality. This is a rare chance to acquire a significant piece of Milwaukee's commercial real estate landscape.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1907
Total area 46,212 SF
Lot 0.8 ac (35,000 SF)
Zoning code IM
APN 431-0949-111
UPID US92-0106695
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
  • Miller And Campbell Costume Service Rental Equipment Company
  • MainStage Theatrical Supply, Inc. (Bike/Boat/Book/etc) Store Theater & Performing Art Venue
  • Purple Velvet Vintage (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.14M
Blend (final) Blend
$1.78M
Owner & transaction history
S J Campbell & Associates LLC · 14 yrs held
S J Campbell & Associates LLC
since 2011
2 recorded transactions
2011
Price N/A
1969
Price N/A
Zoning & alternative use
IM · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Industrial-Mixed IM none 8 Industrial-Heavy IH I/A125 and I/B/85 8 Special Districts and Overlay Zones Parks PK none 9 Institutional TL all T districts 9 Planned Development PD and DPD GPD and DPD 9 Redevelopment RED none 9 Neighborhood Conservation NC none 10 Interim Study IS none 10 Development Incentive DIZ DIZ 10 Site Plan Review SP SPROD 10 Shoreland-We…

Zone name Industrial Mixed
General category INDUSTRIAL
Source Master V2
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