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Mixed-Use Income Building
For Sale
Contact for pricing
Pending

720 W Mitchell St, Milwaukee, WI 53204

Historic building combines ground-floor retail with multiple residential units, including three rental apartments and one vacant space.

Property SizeContact for details
Days on Market136

Property Features for 720 W Mitchell St

General Information

Standard status Pending
Property subtype Retail

Additional Details

Multifamily Units 3
Listing Agency: Realty Executives Integrity Glendale
Listed By: Robert J Arnold · License #WI
Source: Crexi
Added: Apr 11 Changed: Aug 13 Last Checked: Aug 23 at 7:49PM

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 Realty Executives Integrity Glendale

Investment Insights

Based on property information with market context.

This historic mixed-use income building offers 1–2 commercial spaces and three residential rental units. The apartments include a currently rented efficiency unit, along with additional 1–3 bedroom units that need work, and there is a 1st-floor back space that is currently vacant. The building also includes a first-floor commercial space that is currently rented.

The property has historically been used as a bakery. The structure is described as sound, and the roof condition is reported as good with newer roofing.

As configured, the asset supports both rental income from existing tenants and potential continued improvement to the units that need work, with a vacant portion available on the 1st floor back.

Key Highlights

  • Historic building with ground‑floor commercial space and three rental apartments plus 1 vacant space
  • Currently rented: 1st floor commercial space and one efficiency apartment
  • Residential units include 1‑3 bedroom and 1‑2 bedroom apartments, with some units needing work

Property Analytics

Current Use

Elegant RE Barbershop Barber Shop

Suggested Use

Top Pick HVAC Service Electrical Service Locksmith Tech Support Center (Bike/Boat/Book/etc) Store Catering Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,223
Businesses Nearby

Demographics for 53204, WI

39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Historic building combines ground-floor retail with multiple residential units, including three rental apartments and one vacant space.
Where is this triplex located?
The property is located at 720 W Mitchell St Milwaukee, WI.
What are key features of this property?
This property features: Historic building with ground‑floor commercial space and three rental apartments plus 1 vacant space; Currently rented: 1st floor commercial space and one efficiency apartment; Residential units include 1‑3 bedroom and 1‑2 bedroom apartments, with some units needing work
(414) 379-1101 Call to check price and availability
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