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$ 299,000
Est. payment | /mo
5,280 SqFt
$ 299,000
Est. payment | /mo
5,280 SqFt
Key Details
Property Type Commercial
Sub Type Service,Retail,Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $56
MLS Listing ID 1963913
Year Built 1928
Annual Tax Amount $5,950
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Service,Retail,Other
Property Description
Rare mixed-use investment in revitalizing downtown South Milwaukee--''The Avenue''--steps from the commuter rail station and the area's growing food and beverage scene. This 5,280 SF building offers two commercial storefronts plus three residential apartments, fully occupied with long-term tenants. Recent improvements minimize expense: new upper roof with transferable 25-yr warranty, new parapet flashing, and two newer furnaces (all serviced 2025). Rents are below market, creating strong upside through adjustments, NNN conversion, or repositioning. All residential leases are month-to-month--an owner can occupy, reconfigure, or hold for income. Full basement with double-door alley access adds storage or expansion potential. Ideal for value-add investors and owner-operators.
Location
State WI
County Milwaukee
Zoning Z4 Urban Center
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Central Air, Forced Air
Inclusions Residential Kitchen Appliances in Units 1-3
Exterior
Exterior Feature Brick, Brick/Stone
Roof Type Rubber/Membrane
Building
Story 2
Sewer Municipal Sewer, Municipal Water
New Construction N
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Listed by Compass RE WI-Tosa