Two-Unit Mixed-Use
For Sale
Contact for pricing
830 W Center St, Milwaukee, WI 53206
The property combines a commercial space with a separate residential unit.
Property Size3,512 SF
Price / SF$2.28
Days on Market890
Property Features for 830 W Center St
General Information
Standard status
Active
Size
3,512 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
LB2
Site & Location
Neighborhood
Riverwest
Mixed-Use Components
retail, residential
Building Details
Building Size
3,512 SF
Year Built
1896
Listing Agency:
City of Milwaukee-DCD
(414) 286-5730
Listed By:
Rosita Ross · License #6101894
(414) 286-5762
Source:
Defererealestate
Added: May 29, 2024
Changed: Oct 29
Last Checked: Nov 3 at 6:43AM
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 City of Milwaukee-DCD
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Investment Insights
Based on property information with market context.
Built in 1896, this 3,512-square-foot property at 830 W Center St in Milwaukee contains one commercial unit and one residential unit. The building is zoned LB2 and is being sold on an as-is basis. Offers must be submitted using City of Milwaukee forms.
Key Highlights
- One commercial unit and one residential unit
- 3,512 square feet; built in 1896
- Zoned LB2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,839
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,780
$736.8K
Cap Rate 7%
$526,271
$526.3K
Cap Rate 9%
$409,322
$409.3K
Market Conditions
NOI Build-Up for 3,512 SF
Gross rent
$56.9K $16.20/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$52.6K $14.99/SF
− OpEx
−$15.8K −$4.50/SF
NOI
$36.8K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,780
Cap Rate 7%
$526,271
Cap Rate 9%
$409,322
Alternative Uses
Best Use
Mixed Use
$612.6K
$536.0K – $714.7K
NOI $42,882 @ 7.0% cap · market cap 536.03%
Second Best
Retail
$526.3K
$460.5K – $614.0K
NOI $36,839 @ 7.0% cap · market cap 460.49%
Theoretical Best
Office A
$844.0K
$738.5K – $984.6K
NOI $59,077 @ 7.0% cap · market cap 738.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
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Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Market
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a commercial space with a separate residential unit.
Where is this mixed-use property located?
The property is located at 830 W Center St Milwaukee, WI.
What are key features of this property?
This property features: One commercial unit and one residential unit; 3,512 square feet; built in 1896; Zoned LB2
