Turn-Key Restaurant & Event
1550 N Farwell Ave Milwaukee, WI
For Sale
Contact for pricing
Restaurant and event space with parking in prime location.
Property Size6,186 SF
Lot Size0.14 Acres
Price / SF$238.44
Days on Market280
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 Agency:
Colliers - Milwaukee
(414) 278-6810
Listed By:
Russell Sagmoen · License #8975294
(414) 278-6810
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:13AM
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
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 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 |
6,186 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Maharaja
Restaurant
FAQs
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.
