Mixed-Use Building with
111 W Howard Ave, Milwaukee, WI 53207
For Sale
$375,000
The second-floor apartment has two bedrooms, one bathroom, built-in laundry and included appliances.
Property Size2,395 SF
Price / SF$156.58
Days on Market46
Property Features for 111 W Howard Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Restaurant
Patio
Equipment Included
Additional Details
Furnished
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cream City Real Estate Co
(414) 481-2500
Listed By:
Lindsey Gannon
(414) 326-8181
Source:
Birchwoodpropertiesllc
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 8 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cream City Real Estate Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A bar occupies the ground floor, with specialty taps, seating, tables and TVs. The property also includes a private courtyard, a deck and a rear parking area.
Above the bar, a two-bedroom, one-bathroom apartment features built-in laundry and included appliances. The building dates to 1924 and is zoned LB2.
Above the bar, a two-bedroom, one-bathroom apartment features built-in laundry and included appliances. The building dates to 1924 and is zoned LB2.
Key Highlights
- Ground‑floor bar includes specialty taps, tables, chairs and TVs
- Upstairs apartment has 2 bedrooms, 1 bathroom, built‑in laundry and appliances
- Private courtyard and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,379
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,580
$587.6K
Cap Rate 7%
$419,700
$419.7K
Cap Rate 9%
$326,433
$326.4K
Market Conditions
NOI Build-Up for 2,395 SF
Gross rent
$41.7K $17.40/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$39.2K $16.36/SF
− OpEx
−$9.8K −$4.09/SF
NOI
$29.4K $12.27/SF
Area
Milwaukee, WI
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,580
Cap Rate 7%
$419,700
Cap Rate 9%
$326,433
Alternative Uses
Best Use
Specialty Retail
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 7.83%
Second Best
Mixed Use
$417.8K
$365.5K – $487.4K
NOI $29,243 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$575.5K
$503.6K – $671.5K
NOI $40,288 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee, WI
Properties on Market for Mixed-use properties in Milwaukee
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - The second-floor apartment has two bedrooms, one bathroom, built-in laundry and included appliances.
Where is this mixed-use property located?
The property is located at 111 W Howard Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Ground‑floor bar includes specialty taps, tables, chairs and TVs; Upstairs apartment has 2 bedrooms, 1 bathroom, built‑in laundry and appliances; Private courtyard and deck
