$1 Auction - REIT Sale | Former Advance Auto 2329 W North Ave Local commercial 655 m² À vendre Milwaukee, WI 53205 106 587 € (162,65 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 2329 W North Avenue in Milwaukee, Wisconsin (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!
Built in 2021, the Property consists of a one-story, free-standing retail building containing ±7,054 square feet, with 27 total surface parking spaces on a ±0.833-acre parcel. The site is positioned on a hard corner and is easily accessible via two (2) ingress/egress curb cuts and 145’ frontage along West North Avenue and 249’ frontage along North 23rd Street. Zoned CS, Commercial Service District, this zoning offers favorable flexible zoning allowing for a variety of uses.
The Property is located in Milwaukee, approximately 2-miles north of downtown. Once known primarily for its breweries and as the home of Harley-Davidson, the metro is diversifying from its manufacturing roots as the health care, business services and technology sectors expand. The transformation is especially evident in downtown Milwaukee, where major projects — including high-rise apartments, Northwestern Mutual’s headquarters and the BMO Tower — have changed the skyline. The Property benefits from being located on a hard-corner with frontage along both W North Avenue (±16,492 VPD) and North 23rd Street within a dense and established commercial area. North Avenue serves as a major east-west arterial roadway with nearby access to I-43 (±165K VPD) providing excellent regional connectivity throughout Milwaukee and its suburbs. The Property is situated approximately ±2.5-miles from Downtown Milwaukee, home to major corporate campuses such as Northwestern Mutual’s headquarters and the BMO Tower. Retail activity is further supported by strong nearby national and local retailers including Popeyes, Save a Lot, Checkers, Auto Zone, Walgreens, Family Dollar, and more. Additional educational demand generators include the Marquette University (±1.9-mi) with over 11,000 enrolled students and University of Wisconsin-Milwaukee (±4-mi) serving approximately 22,937 (2023) students. The Property is positioned within an extremely dense trade area, serving ±239,604 residents within a 3-mi radius and 484,853 residents with an average household income exceeding $71k within a 5-mile radius.