Turn-Key Restaurant & Event
For Sale
Contact for pricing
1550 N Farwell Ave, Milwaukee, WI
Restaurant and event space with parking in prime location.
Property Size6,186 SF
Lot Size0.14 Acres
Price / SF$238.44
Days on Market375
Property Features for 1550 N Farwell Ave
General Information
Standard status
Active
Size
6,186 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Lower East Side
Listing Agency:
Colliers - Milwaukee
(414) 276-9500
Listed By:
Russell Sagmoen
(414) 278-6810
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Oct 25
Last Checked: Oct 28 at 10:50AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a turn-key restaurant and event space located on Farwell Avenue in the lower East Side. The property has a capacity of 300 people and includes a parking lot with approximately 25 spaces. It features an approximately 10-foot hood, a walk-in cooler, and a walk-in freezer. The property is 6,186 square feet. Note: This listing is confidential; please do not disturb the employees.
Key Highlights
- Prime lower East Side location along Farwell Ave.
- Rare turn‑key restaurant & event space.
- Includes parking lot with Approx. 25 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,884
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,680
$1.5M
Cap Rate 7%
$1,084,057
$1.1M
Cap Rate 9%
$843,156
$843.2K
Market Conditions
NOI Build-Up for 6,186 SF
Gross rent
$107.6K $17.40/SF
− Vacancy
−$6.5K −$1.04/SF
EGI
$101.2K $16.36/SF
− OpEx
−$25.3K −$4.09/SF
NOI
$75.9K $12.27/SF
Area
Milwaukee, WI
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,680
Cap Rate 7%
$1,084,057
Cap Rate 9%
$843,156
Alternative Uses
Best Use
Specialty Retail
$1.08M
$948.6K – $1.26M
NOI $75,884 @ 7.0% cap · market cap 5.14%
Second Best
Retail
$927.0K
$811.1K – $1.08M
NOI $64,888 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,058 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Turn key restaurant - Restaurant and event space with parking in prime location.
Where is this turn key restaurant located?
The property is located at 1550 N Farwell Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Prime lower East Side location along Farwell Ave.; Rare turn‑key restaurant & event space.; Includes parking lot with Approx. 25 spaces.
