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 Market362
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) 276-9500
Listed By:
Russell Sagmoen
(414) 278-6810
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Oct 8
Last Checked: Oct 15 at 12:43AM
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 Colliers - Milwaukee
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
Explore this area
Business Placement
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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.
