4600 W Fond Du Lac Ave #4636 Milwaukee, WI 53216

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$1,399,000

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25,224 sq. ft.
1.10 Acres
Commercial
MLS# 1707369

4600 W Fond Du Lac Ave #4636, Milwaukee, WI 53216

Listing provided courtesy of: Shorewest Realtors, Inc.

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Property Details

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

General Features
- Tax Year 2020
- Total Taxes $37,425
- Directions Capitol Dr. to Fond Du Lac Ave, south to 4610 W. Fond Du Lac Avenue ADDRESS ON BULDING IS 4610
- Total SqFt. 25,224
- Lot Size 1.102
- County MILWAUKEE
Building Features
- Building Type Free Standing
- Basement None / Slab
- Commercial Ceiliing Height 11 - 15 feet
- Roofing Rubber/Membrane
- Heaing/Cooling Central Air, Forced Air
- Exterior Brick, Brick/Stone
- Commercial Features Expenses Include: Licenses, Expenses Include: Permits, Expenses Include: Utilities, Carpeting, Display Window, Inside Storage, Restroom(s), Interior Sprinkler
- Estimated Age Range 11-20 Years
Property Features
- Heat Fuel Natural Gas
- Water Waste Municipal Sewer, Municipal Water

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Neighborhood

53216 (Milwaukee) Demographics

34 Median Age

7,153 Population Density (per sq. mile)

26% College Educated

$35,369 Estimated Median Income

6,051 Estimated Total Home Owners

6,972 Estimated Total Renters

46% / 54% Estimated Owner / Renter Divide

3 Estimated Average Household Size

33,174 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Public Carson Academy

Grades: PK - 8
Enrollment: 427

Public Central City Cyberschool

Grades: PK - 8
Enrollment: 440

Public Clemens Elementary

Grades: PK - 5
Enrollment: 293

Public Fifty-Third Street Elementary

Grades: PK - 8
Enrollment: 393

Private Hickman Academy Preparatory School

Grades: 2 - 13
Enrollment: 314

Private Hope Christian School - Semper

Grades: 2 - 12
Enrollment: 280

Public Milwaukee Environmental Science

Grades: PK - 7
Enrollment: 310

Public Townsend Street Elementary

Grades: PK - 8
Enrollment: 311

Private Yeshiva Elementary School

Grades: 2 - 13
Enrollment: 168

Middle Schools

Public Carson Academy

Grades: PK - 8
Enrollment: 427

Public Central City Cyberschool

Grades: PK - 8
Enrollment: 440

Public Fifty-Third Street Elementary

Grades: PK - 8
Enrollment: 393

Private Hickman Academy Preparatory School

Grades: 2 - 13
Enrollment: 314

Private Hope Christian School - Semper

Grades: 2 - 12
Enrollment: 280

Public Milwaukee Environmental Science

Grades: PK - 7
Enrollment: 310

Public Morse Mid

Grades: 6 - 12
Enrollment: 1136

Public Southeastern

Grades: 6 - 8
Enrollment: 21

Public Townsend Street Elementary

Grades: PK - 8
Enrollment: 311

Private Yeshiva Elementary School

Grades: 2 - 13
Enrollment: 168

High Schools

Private Hickman Academy Preparatory School

Grades: 2 - 13
Enrollment: 314

Private Hope Christian School - Semper

Grades: 2 - 12
Enrollment: 280

Public Milwaukee Collegiate Academy

Grades: 9 - 12
Enrollment: 298

Public Morse Mid

Grades: 6 - 12
Enrollment: 1136

Private Yeshiva Elementary School

Grades: 2 - 13
Enrollment: 168

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$115,000 Median Sales Price

15 Homes Sold

17 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $1,399,000
11/19/2020 2:49:15 PM	Price Reduced Source	New Value: $1,399,000	-6.67%
8/31/2020 4:50:00 PM	New in Database Source	New Value: $1,499,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided by MetroMLS. 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. Information is supplied by seller and other third parties and has not been verified. Copyright 2021 MetroMLS - All Rights Reserved DMCA Notice

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.