Sold price:

$918,000

Sold on 03/31/2021

Listed by Shorewest Realtors, Inc.

Description

Most Milwaukeeans will remember the Fruit Ranch. Now it's a stylish commercial building built in 2008 and fully rented to 3 established and thriving commercial tenants, on yearly leases. Being so new and in such great shape, this would be an excellent income-producing property for your portfolio. Total monthly income of $13,000. Owner pays for water & sewer, tenants pay gas & electric. Building has a total of 10,683 square feet divided into 3 commercial spaces. Street parking for 2 of the tenants and a paved lot with 62 spaces for the 3rd tenant. The middle tenant has a tall garage door, and all tenants have 2-3 entrances. Long-time owner is retiring and offers this opportunity for sale. ADDRESS ON BUILDING IS 4610

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Property Details

Features Commercial/Industrial

Type of Commercial: Recreation, Retail, Special Purpose Type of Industrial:
Total Est Sq Ft: 25,224 Lot Size: 1.102
Est Acreage: 1.1 Est Year Built: 2008
Taxes: $37,425 Tax Year: 2020
Location: Corner, Free Standing, Near Public Transit Road Frontage: High Visibility, Near Public Transit, Town/City Road
Zoning: Commercial

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Listing History

Date Event Change
Apr 5 2021 2:39PM Status Change Sold
Jan 20 2021 1:40PM Status Change ActiveWO
Nov 19 2020 2:11PM Price Change $1,399,000
Aug 31 2020 3:46PM Price Change $1,499,000

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