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$ 500,000
Est. payment | /mo
7,882 SqFt
$ 500,000
Est. payment | /mo
7,882 SqFt
Key Details
Property Type Commercial
Sub Type Office(s),Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,882 sqft
Price per Sqft $63
MLS Listing ID 1983790
Year Built 1936
Annual Tax Amount $10,942
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Office(s),Retail
Property Description
Fully leased 4-unit commercial building on Milwaukee's S. Cesar E. Chavez Dr corridor with $42,485 in-place NOI. 1308 S Cesar E Chavez Dr, Milwaukee, WI 53204 is a free-standing 2-story, 7,882 sq ft brick building built in 1936, zoned LB2, with three tenants on NNN leases and individually metered units. Anchor tenant Verizon (Total Wireless) leases a 2,100 sq ft suite through June 2029 with annual rent steps. Per seller, pro forma NOI rises to $46,085 after the pending lower-level lease renewal, on a $500,000 asking price. Roof replaced in 2017 with a partial rubber roof in October 2025; upper-level HVAC updated in 2026. Includes 3 rear parking spaces and a vacant lot behind the building with room to expand. All tenants current on rent.
Location
State WI
County Milwaukee
Zoning LB2
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Central Air
Inclusions As-Is, Everything in the property is owned by the tenants on a NNN lease.
Exterior
Exterior Feature Brick, Brick/Stone
Garage Spaces 3.0
Parking On Site 3
Roof Type Other
Building
Dwelling Type Free Standing
Story 2
Sewer Municipal Sewer, Municipal Water
New Construction N
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Listed by Forward Realty Partners