Masonry Flex Building with
1319 N 12th STREET Milwaukee, WI 53205
1319 N 12th STREET, Milwaukee, WI, 53205
$350,000
For Sale
$350,000
Masonry commercial building with open interior layout and strong street frontage on N 12th Street, plus a spacious lot.
Property Size2,500 SF
Price / SF$140
Days on Market114
Property Features for 1319 N 12th STREET
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1947
Listing agency
Epique Realty Germantown
(262) 483-0888
Listed by
Daniel Burgeson
(262) 483-0888
Source
Xome
Added: Apr 1 Updated: Jul 22 at 3:50PM Checked: Jul 22 at 3:50PM
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 Epique Realty Germantown
Investment Insights
Based on property information with market context.
This masonry commercial building offers approximately 2,500 square feet of flexible interior space designed around an open-concept layout. The solid brick exterior supports multiple reuse paths, with the interior footprint described as suitable for a modern build-out while retaining the building’s industrial character.
The property is positioned on a generous lot with excellent frontage on N 12th Street in Milwaukee. The larger site area provides room for private off-street parking, a secure yard, or potential building expansion, supporting a range of retail storefront, creative office, or light industrial flex use scenarios.
The combination of a masonry shell, open interior configuration, and dedicated lot is intended to accommodate an owner-user build-out and ongoing operational flexibility.
The property is positioned on a generous lot with excellent frontage on N 12th Street in Milwaukee. The larger site area provides room for private off-street parking, a secure yard, or potential building expansion, supporting a range of retail storefront, creative office, or light industrial flex use scenarios.
The combination of a masonry shell, open interior configuration, and dedicated lot is intended to accommodate an owner-user build-out and ongoing operational flexibility.
Key Highlights
- 2,500 SF masonry commercial building on N 12th Street with strong street frontage
- Open interior layout suited for an owner‑user, retail storefront, creative office, or light industrial flex space
- Year built 1947 with a solid brick exterior and adaptive reuse potential
Local Financial Insights For Office B
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 | $49.5k | $19.80 |
| − Vacancy | −$11.4k | −$4.55 |
| EGI | $38.1k | $15.25 |
| − OpEx | −$9.5k | −$3.81 |
| NOI | $28.6k | $11.43 |
2,500 SF · lease $19.80/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$408.4K
$357.3K – $476.4K
NOI $28,586 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$374.6K
$327.8K – $437.1K
NOI $26,224 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$600.8K
$525.7K – $700.9K
NOI $42,054 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AAA Acme Lock ...
Locksmith
Similar For Sale Nearby
Similar Off Market Nearby
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- Smokin Jack's BBQ — 275 W Wisconsin Ave, Milwaukee, WI 53203
- Levy at the Wisconsin Center District — 400 W Wisconsin Ave, Milwaukee, WI 53203
FAQs
What type of property is this?
Flex space - Masonry commercial building with open interior layout and strong street frontage on N 12th Street, plus a spacious lot.
Where is this flex space located?
The property is located at 1319 N 12th STREET Milwaukee, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,500 SF masonry commercial building on N 12th Street with strong street frontage; Open interior layout suited for an owner‑user, retail storefront, creative office, or light industrial flex space; Year built 1947 with a solid brick exterior and adaptive reuse potential
