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Mixed-Use Building with Restaurant
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701 E Keefe Ave, Milwaukee, WI 53212

Two-level property combines a restaurant space with a second-floor apartment and updated food-service improvements.

Property SizeContact for details
Days on Market144

Property Features for 701 E Keefe Ave

General Information

Standard status Active
Property subtype Retail, Multifamily

Building Details

Buildings 1
Stories 2
Listing Agency: Colliers - Milwaukee, Wisconsin
Listed By: Cory Sovine · License #WI 94-67549
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 6:08AM

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 Colliers - Milwaukee, Wisconsin

Investment Insights

Based on property information with market context.

This mixed-use building pairs a 2,200-square-foot restaurant on the ground floor with one 2,200-square-foot apartment above. The restaurant level has been rehabilitated with an upgraded commercial kitchen, bar, and new appliances. The building dates to the early 1900s.

Located at 701 E Keefe Ave in Milwaukee’s Riverwest neighborhood, the property is positioned west of downtown and near the Milwaukee River. The combination of commercial food-service space and a single residential unit creates a clearly defined two-part configuration within one building.

Key Highlights

  • 2,200 SF first‑floor restaurant space
  • One 2,200 SF second‑floor apartment unit
  • Rehabilitated first floor with upgraded commercial kitchen

Property Analytics

Current Use

La Cocina del ... Restaurant Pedro's South American ... Restaurant

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Bakery Kitchen & Bath Showroom Locksmith

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

Location Intelligence

Trade Area within ½ mile

801
Businesses Nearby

Demographics for 53212, WI

28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value

Market

Vacancy Rate% for Retail in Milwaukee, WI

8% 2019
7.7% 2020
6.5% 2021
5.2% 2022
5% 2023
5.3% 2024
7% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines a restaurant space with a second-floor apartment and updated food-service improvements.
Where is this mixed-use property located?
The property is located at 701 E Keefe Ave Milwaukee, WI.
What are key features of this property?
This property features: 2,200 SF first‑floor restaurant space; One 2,200 SF second‑floor apartment unit; Rehabilitated first floor with upgraded commercial kitchen
(414) 218-3761 Call to check price and availability
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