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1232 W. Layton Avenue, Milwaukee, WI 53221

$600,000

2,057 SF | Retail

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Retail Property For Sale

Price:
$600,000
Building Size:
2,057 SF
Price/SF:
$291.69
Property Type:
Retail
Property Sub-type:
Vehicle Related
Property Use Type:
Net Lease Investment with
2 years left on lease
Commission Split:
2%
Cap Rate:
6%
Tenancy:
Single
Lot Size:
0.36 AC
Listing ID
15672063
Last Updated
8 days ago

Find Out More...

Description

The IRS allows oil and gas business to be depreciated over 15 years. This alone is a major difference versus other NNN.

Currently set up as an oil change facility. But, can be easily converted to fast food or other high traffic business. Is set up for drive-in drive-out business. Corner controlled by street lights (offering consumers an opportunity to see the business). Street sign very pronounced by the buss stop.

2011 car count was when Layton Ave did not have access to HWY 94 and with that, the car count for that corner was in excess of 41,000/day. Since then HWY 94 has restored on-off ramp access to Layton Avenue creating additional access to the airport and local Layton businesses. You can only assume the overall traffic volume has greatly increased from what was already fairly high. Major national food and auto chains are on this stretch of Layton Avenue

Financial Summary

  • Actual
  • $55,416

Map of 1232 W. Layton Avenue, Milwaukee, WI 53221 (Milwaukee County)

Research for 1232 W. Layton Avenue, Milwaukee, WI 53221 (Milwaukee County)

  • Demographics – Population, income & other demographics near 1232 W. Layton Avenue
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

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Asking Price Index Trends for Milwaukee, WI Retail For Sale

  Jul 14 vs. 3 mo.
prior
Y-O-Y
-
State
$80+1.2%+3.1%
-
Metro
$99+1.9%+1.0%
-
County
$96+0.8%-0.7%
-
City
$80+0.9%-9.3%

View Milwaukee Market Trends for other property types for sale or lease. Learn more about the chart info.

Mobile one
  • Retail
  • $600,000
  • 2,057 SF