Renovated Mixed-Use
For Sale
Contact for pricing
130 W Pittsburgh Ave, Milwaukee, WI 53204
Fully occupied property combines NNN retail space with residential apartments in Milwaukee’s Walker’s Point neighborhood.
Property Size29,418 SF
Price / SF$207.36
Days on Market50
Property Features for 130 W Pittsburgh Ave
General Information
Standard status
Active
Size
29,418 SF
Total Parking Spaces
33
Property subtype
Mixed Use
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$442,220
Building Details
Year Built
1868
Year Renovated
2017
Units
10
Tenancy
Multi
Listing Agency:
Smart Asset Capital
Listed By:
Geoff Stuhr · License #86474 - 94
Source:
Crexi
Added: Aug 31
Changed: Oct 9
Last Checked: Oct 19 at 4:20AM
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 Smart Asset Capital
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Investment Insights
Based on property information with market context.
This 29,418-square-foot mixed-use property combines NNN-leased retail space with residential apartments. Originally constructed in 1868, the building underwent renovation in 2017 to a high-end standard and is fully occupied.
The property is located at 130 W Pittsburgh Ave in Milwaukee’s Walker’s Point neighborhood, described as one of the city’s most walkable and fastest-growing areas. Its combination of commercial and residential components creates a vertically integrated asset with established occupancy across both uses.
The property is located at 130 W Pittsburgh Ave in Milwaukee’s Walker’s Point neighborhood, described as one of the city’s most walkable and fastest-growing areas. Its combination of commercial and residential components creates a vertically integrated asset with established occupancy across both uses.
Key Highlights
- 29,418‑square‑foot mixed‑use property
- Fully occupied asset with retail and residential components
- NNN‑leased retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$359,194
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,183,880
$7.2M
Cap Rate 7%
$5,131,343
$5.1M
Cap Rate 9%
$3,991,044
$4.0M
Market Conditions
NOI Build-Up for 29,418 SF
Gross rent
$653.1K $22.20/SF
− Vacancy
−$78.4K −$2.66/SF
EGI
$574.7K $19.54/SF
− OpEx
−$215.5K −$7.33/SF
NOI
$359.2K $12.21/SF
Area
Milwaukee, WI
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,183,880
Cap Rate 7%
$5,131,343
Cap Rate 9%
$3,991,044
Alternative Uses
Best Use
Mixed Use
$5.13M
$4.49M – $5.99M
NOI $359,194 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$4.41M
$3.86M – $5.14M
NOI $308,580 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$7.07M
$6.19M – $8.25M
NOI $494,858 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,059
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combines NNN retail space with residential apartments in Milwaukee’s Walker’s Point neighborhood.
Where is this mixed-use property located?
The property is located at 130 W Pittsburgh Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 29,418‑square‑foot mixed‑use property; Fully occupied asset with retail and residential components; NNN‑leased retail space
