Downtown Milwaukee Restaurant and
1100 N Vel R. Phillips Ave Milwaukee Wi 53203 Milwaukee, WI 53203
For Sale
$2,600,000
Downtown Milwaukee Restaurant and Bar
Property Size10,000 SF
Price / SF$260
Days on Market77
Property Features for 1100 N Vel R. Phillips Ave Milwaukee Wi 53203
General Information
- Standard status
- Active
- Property type
- Bars & Pubs, Restaurants
- Size
- 10,000 SF
Listing Agency:
(414) 732-9999
Listed By:
(414) 732-9999
Added: May 11
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a fully operational, turnkey restaurant and bar in the heart of downtown Milwaukee’s high-traffic entertainment district. Established in 2013, the business has a strong multi-year track record of success and is currently open and running with all licenses active. The property is situated in one of Milwaukee’s busiest entertainment corridors with consistent foot traffic from tourism, events, and a growing residential base. It has a proven history of over $2,000,000 in annual revenue, diversified across dining, bar sales, private events, and seasonal programming. The property size is 10000.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.0k | $17.40 |
| − Vacancy | −$10.4k | −$1.04 |
| EGI | $163.6k | $16.36 |
| − OpEx | −$40.9k | −$4.09 |
| NOI | $122.7k | $12.27 |
10,000 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,670 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,216 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- TIMESHEET TAPHAUSE — 247 W Freshwater Way, Milwaukee, WI 53204
- Club 219 — 219 s 2nd st, milwaukee, wi 53204
- The Yard — 500 W Florida St, Milwaukee, WI 53204
- O'Lydia's Bar and Grill — 338 S 1st St, Milwaukee, WI 53204
- Black Sheep MKE — 216 S 2nd St, Milwaukee, WI 53204
FAQs
What type of property is this?
Bar & Pub - Downtown Milwaukee Restaurant and Bar
Where is this bar & pub located?
The property is located at 1100 N Vel R. Phillips Ave Milwaukee Wi 53203 Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,600,000.
