Outstanding 4.78 acre development opportunity in the thriving City of Franklin! This two-parcel property provides dual access from S 31st Street and high-traffic W Drexel Avenue, offering both convenient entry and maximum visibility. Zoned B-MU (Business Mixed-Use), the land allows exceptional flexibility for projects such as single family homes, multifamily apartments, larger condominium communities, medical or professional office space, retail centers, or a dynamic mixed-use development similar to Drexel Town Square. With utilities already at the street, the site reduces upfront costs and streamlines development. Positioned in a high-growth corridor, this property offers investors and developers strong returns and long-term value. Previously listed as 7775 S 31st St.
Active
$375,000
3140 W DREXEL AVENUE, Franklin, WI 53132
--beds
--baths
4.78Acres
Unimproved Land
Built in ----
4.78 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 353 days |
- 173 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Robby Johnson PropertyInfo@shorewest.com,
Shorewest Realtors - South Metro
Source: WIREX MLS,MLS#: 1933286
Originating MLS: Metro MLS
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 4.78 Acres
- Features: Level, Wetlands, Wooded, Raw Land, Curb/gutter
Details
- Additional parcels included: 7869994001
- Parcel number: 7869991000
- Zoning: B-MU
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Municipal Water Required
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Community & HOA
Location
- Region: Franklin
- Municipality: Franklin
Financial & listing details
- Tax assessed value: $209,500
- Annual tax amount: $4,262
- Date on market: 9/9/2025
- Listing terms: Sell in Entirety
- Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,400/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $375,000 |
Source: | ||
| 7/2/2026 | Contingent | $375,000 |
Source: | ||
| 9/9/2025 | Listed for sale | $375,000+53.1% |
Source: | ||
| 6/5/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/6/2020 | Listing removed | $245,000 |
Source: Owner Report a problem | ||
| 6/6/2020 | Price change | $245,000-3.9% |
Source: Owner Report a problem | ||
| 11/7/2019 | Price change | $255,000-5.2% |
Source: Owner Report a problem | ||
| 8/1/2019 | Price change | $269,000-3.6% |
Source: Owner Report a problem | ||
| 5/2/2019 | Price change | $279,000-2.1% |
Source: Owner Report a problem | ||
| 2/25/2019 | Price change | $285,000-1.7% |
Source: Owner Report a problem | ||
| 12/2/2018 | Listed for sale | $290,000-3.3% |
Source: Owner Report a problem | ||
| 10/28/2018 | Listing removed | $300,000 |
Source: Owner Report a problem | ||
| 7/18/2018 | Listed for sale | $300,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,977 +7% | $190,100 |
| 2024 | $2,782 +59.9% | $190,100 +77.7% |
| 2023 | $1,739 -14.1% | $107,000 |
| 2022 | $2,024 -8.1% | $107,000 +4.7% |
| 2021 | $2,201 | $102,200 |
| 2020 | $2,201 -0.4% | $102,200 +3.1% |
| 2019 | $2,209 +2.2% | $99,100 |
| 2018 | $2,162 -3.2% | $99,100 |
| 2017 | $2,234 | $99,100 |
| 2015 | -- | $99,100 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 53132
Nearby schools
GreatSchools rating
- 4/10Cedar Hills Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 9/10Oak Creek West Middle SchoolGrades: 6-8Distance: 1.4 mi
- 5/10Oak Creek High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- High: Oak Creek
- District: Oak Creek-Franklin
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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