3587-3601 S 41st Street

Milwaukee, Wisconsin

Building

Stats

Property Type Multifamily - High-Rise
Year built 1962
Building size (SF) 28,824
Size (Ac) 1.28
Price $760,000

Overview

Avison Young is pleased to present this unique, value-add opportunity to acquire a multi-residential property located at 3587-3601 South 41st Street in Milwaukee, Wisconsin. The ±28,824 square foot building

is equipped with offices, a chapel, laundry facilities and communal spaces including a kitchen with an attached dining room, common room, and recreational room. The subject property is located .25 miles from Alverno College (1,700 enrollment) and within 2 miles of major national credit tenants including Starbucks, Buffalo Wild Wings, and McDonald’s. This is an excellent opportunity to acquire a property that benefits from a vibrant collegiate community and close proximity to a highly trafficked shopping center. This distressed asset is ideal for the entrepreneurial buyer that can realize the true potential of the property through leasing and management.

Highlights

60 rooms with communal bathrooms in a multi-residential building in the heart of Milwaukee

Equipped with offices, a chapel, a kitchen with attached dining room, a common room, laundry facilities, and a recreational room

Garage and surface parking spaces available

Situated 0.25 miles from Alverno College (1,700 enrollment)

±380,280 population in 5-mile radius

Desirable location helps drive demand, and vacancies stayed low for most of the last decade

Close proximity to major shopping center with numerous National Credit Tenants including Walmart, Starbucks, Buffalo Wild Wings, Little Caesars, and more.