$120,000

1130 Marquette Ave

South Milwaukee WI, 53172

Description

Start your own business or add this property to your investment portfolio. This property features a cap rate in excess of 9.1% and has significant room for rental growth. Current tenant rents on a month-to-month basis. Tenant has occupied the building for over 24 years. Building is a masonry structure with 3 bays. Property includes parking for 20+ vehicles. Property is situated at a signalized intersection. It includes excellent exposure. The adjacent roadways experience a combined average daily traffic count of 10,500 vehicles per day. Property is zoned C-3 (Central Business District).

Details

MLS#1657086
Sub-TypeResale
StatusActive
Year1947
Days On Site79

Features

SQ Feet2,345
Story(s)1
ZoningC-3

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Area Information

StateWI
CountyMilwaukee
CitySouth Milwaukee
Zip Code53172
AreaMilwaukee
Listing VS Median (in 53172)
Price:
$120,000
low | high
Med:
$174,950
4.208333333333% of Average
SqFt:
2,345
low | high
Med:
872
100% of Average
$ / SqFt:
$51
low | high
Med:
$50
51.955514143731% of Average
On Site:
79
low | high
Med:
41.5
100% of Average
Listing Updated: 11/19/2019
MLS Number: 1657086
Listing Provided By:
Paul A Rucinski  of  Encore Real Estate Brokerage

Listing data provided by Metro MLS. Copyright 2019, Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.