Building Details

Year Built 1975

Listing Agency: Shorewest Realtors - South Metro

Listed By: Ippoliti Property Group* PropertyInfo@shorewest.com

Source: Viewhomesinwisconsin

Added: Aug 1 Changed: Oct 1 Last Checked: Oct 23 at 7:05AM

Report an Issue

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 Shorewest Realtors - South Metro

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail property is being offered for sale as a laundromat business. The property is located at 1113 Marquette Avenue in South Milwaukee, Wisconsin, providing a defined storefront setting for the existing use.

Key Highlights

• Laundromat business offered for sale
• Located at 1113 Marquette Avenue, South Milwaukee, WI 53172

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,122

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$202,440 $202.4K

Cap Rate 7%

$144,600 $144.6K

Cap Rate 9%

$112,467 $112.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$15.0K $15.00/SF

− Vacancy

−$540 −$0.54/SF

EGI

$14.5K $14.46/SF

− OpEx

−$4.3K −$4.34/SF

NOI

$10.1K $10.12/SF

Area

Milwaukee County, WI

Vacancy

3.60%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$202,440

Cap Rate 7%

$144,600

Cap Rate 9%

$112,467

Alternative Uses

Best Use

Retail

$144.6K

$126.5K – $168.7K (±1% cap)

NOI $10,122 @ 7.0% cap · market cap 3.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$237.1K

$207.5K – $276.7K (±1% cap)

NOI $16,600 @ 7.0% cap · market cap 6.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Sparkles laundromat (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

610

Businesses Nearby

Explore this area Business Placement

Demographics for 53172, WI

20,795

Population

9,150

Households

2.3

Avg Household Size

42

Median Age

28%

College-Educated

94%

High-School Grad

4.8 sq mi

ZIP Area

4,332

Density / Sq Mi

$70,146

Median Household Income

$42,958

Median Earnings

$1,014

Median Rent

$216,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

3-Unit Triplex with Basement

1324 Marquette Ave, South Milwaukee, WI 53172

$319,900

0.18 Acres

View details

Duplex with Detached Garage

109 Brookdale Drive, South Milwaukee, WI 53172

$379,000

View details

15-Unit Apartment Building Package

919-915 Minnesota Avenue, South Milwaukee, WI 53172

$1,299,900

View details

Frequently Asked Questions

What type of property is this?

Retail space - Laundromat business offered for sale in South Milwaukee.

Where is this retail space located?

The property is located at 1113 Marquette Ave South Milwaukee, WI.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Laundromat business offered for sale; Located at 1113 Marquette Avenue, South Milwaukee, WI 53172