1550 N Farwell Ave, Milwaukee, WI
Restaurant and event space with parking in prime location.
- Added:
- Oct 20, 2025
- Days on Market:
- 234
- Last Refresh:
- May 20 at 9:44 pm
Property Features for 1550 N Farwell Ave
General Information
- Standard status
- Active
- Size
- 6,186 SF
- Lot size
- 0.14 Acres
- Property subtype
- RETAIL
Listing agent Russell Sagmoen License #8975294 (414) 278-6810
Listing office Colliers - Milwaukee (414) 278-6810
Listing date Oct 20, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Milwaukee
HighLights
- Prime lower East Side location along Farwell Ave.
- Rare turn‑key restaurant & event space.
- Includes parking lot with Approx. 25 spaces.
- 300 person capacity.
- Features +/- 10’ hood.
- Walk‑in cooler and walk‑in freezer.
Overview
Local Financial Insights For Specialty Retail
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 | $107.6k | $17.40 |
| − Vacancy | −$6.5k | −$1.04 |
| EGI | $101.2k | $16.36 |
| − OpEx | −$25.3k | −$4.09 |
| NOI | $75.9k | $12.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.8942
- Latitude
- 43.0505
