1414 N Vel R Phillips Ave - 1
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1414 N Vel R Phillips Ave - 1
0.27 Acres of Commercial Land Offered at £160,300 in Milwaukee, WI 53212
Investment Highlights
- Location is 2 blocks north of Downtown Milwaukee's Fiserv Forum and the Deer District.
Executive Summary
DEVELOPMENT OPPORTUNITY 2 blocks from Downtown's Deer District in downtown's northern expansion path! Building should be razed. Over one-quarter acre (80'x147') located 2 blocks north of Fiserv Forum and 1 block east of the new Milwaukee Public Museum under construction. Vel R. Phillips Ave was formerly N 4th St. This 0.27 Acre parcel includes the 10 parking spaces immediately south of the trees. The building is over 6,800 square feet but CANNOT BE OCCUPIED DUE TO ITS POOR CONDITION. The building and land are sold in AS-IS condition, and the Buyer assumes responsibility for the open 2014 City Raze Order and the open 2012 Wis DNR remediation case - please see details in uploaded documents. Pre-qualified Buyers only, please.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | £160,300 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Total Lot Size | 0.27 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £160,300 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.27 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £160,300 | Lot Size | 0.27 AC |
| Price Per AC | £593,703.72 |
| Price | £160,300 |
| Price Per AC | £593,703.72 |
| Lot Size | 0.27 AC |
80 x 147 = 11,760 square feet (0.27 acre). It features 80 feet of frontage on N. Vel R Phillips Ave, formerly known as N 4th Street. The vacant building is 6,853 square feet and should be razed.
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Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (80)
zoning
| Zoning Code | IL2 (IL-2 Industrial) |
| IL2 (IL-2 Industrial) |
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1414 N Vel R Phillips Ave - 1
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