Up and coming Merrill Park vacant lot. Centrally located minutes from the freeway, Marquette University, Wauwatosa, and American Family Field. Zoned residential with access to municipal utilities. Do not miss out on this incredible opportunity.
Discover the potential of this vacant land located in a rapidly rejuvenating neighborhood. Situated in a growing area with new surrounding developments, revitalization projects, and increasing demand, this property offers opportunity for investors, builders, or those looking to capitalize on the area's transformation. The lot is ready for your vision-whether you're looking to develop residential or rental space. Enjoy the benefits of being part of a thriving community with nearby amenities & rising property values. This area is quickly becoming the hotspot.
Vacant Lot zoned RT4 that may qualify for a variety of City grants or development assistance. As per The city of Milwaukee: "The purpose of the RT4 district is to promote, preserve and protect neighborhoods intended primarily for 2-family dwellings while also permitting a mixture of single-family dwellings and small multi-family dwellings of 3 or 4 units. This district, much like the RT3 district, allows smaller lots, smaller setbacks and a higher lot coverage than the RT1 and RT2 districts. The neighborhoods found in this district were platted and developed, in large part, in the late 1800s and early 1900s. This district also allows traditional corner commercial establishments commonly found in urban neighborhoods." Please see city of Milwaukee websites for more information.
The median home value in Milwaukee, WI is $180,800. This is lower than the county median home value of $222,000. The national median home value is $338,100. The average price of homes sold in Milwaukee, WI is $180,800. Approximately 36.46% of Milwaukee homes are owned, compared to 52.74% rented, while 10.81% are vacant. Milwaukee real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Milwaukee real estate agent to arrange a tour today!
Milwaukee, Wisconsin 53208 has a population of 578,198. Milwaukee 53208 is less family-centric than the surrounding county with 19.84% of the households containing married families with children. The county average for households married with children is 25.25%.
The median household income in Milwaukee, Wisconsin 53208 is $45,318. The median household income for the surrounding county is $54,793 compared to the national median of $69,021. The median age of people living in Milwaukee 53208 is 31.6 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 13.8 degrees. The average rainfall is approximately 34.8 inches per year, with 44.6 inches of snow per year.