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Listed by William Backes • Compass RE WI-Tosa
$ 299,000
Est. payment | /mo
5,280 SqFt
$ 299,000
Est. payment | /mo
5,280 SqFt
Key Details
Property Type Commercial
Listing Status Contingent
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
Contingent With Offer
Lot Size 3,484 Sqft
Acres 0.08
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 Central Air, Forced Air, Natural Gas
Cooling Central Air, Forced Air, Natural Gas
Flooring No
Exterior
Exterior Feature Brick
Roof Type Rubber
Building
Water Municipal Sewer, Municipal Water
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