Mixed-Use Property with Auto
For Sale
$699,000
1829 W Center St, Milwaukee, WI 53206
Shop, paint garage, tire repair, and church areas combine leased space with a vacant garage.
Property Size10,800 SF
Price / SF$64.72
Days on Market32
Property Features for 1829 W Center St
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Commercial
Building Details
Year Built
1916
Listing Agency:
Epique Realty Germantown
Listed By:
Janie Rivera-Conley
(414) 249-3541
Source:
Homesinwisconsin
Added: Sep 5
Changed: Oct 1
Last Checked: Oct 5 at 6:56PM
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 Epique Realty Germantown
Investment Insights
Based on property information with market context.
At 1829 W Center St in Milwaukee, this 10,800-square-foot brick mixed-use property was built in 1916. Its approximately 5,400-square-foot main shop has wall heat, four automotive lifts, plumbing for two bathrooms, and two overhead doors measuring approximately 10' x 16' and 16' x 9'. A separate 1,170-square-foot paint garage is vacant. The property also contains a leased tire repair shop with an 11' overhead door and church space with electric heat and a partial basement.
The property includes both leased and vacant areas across its shop, paint garage, tire repair, and church components.
The property includes both leased and vacant areas across its shop, paint garage, tire repair, and church components.
Key Highlights
- 10,800‑square‑foot brick property built in 1916
- Approximately 5,400‑square‑foot main shop with four automotive lifts
- Main shop has overhead doors measuring approximately 10' x 16' and 16' x 9'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,327
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,540
$786.5K
Cap Rate 7%
$561,814
$561.8K
Cap Rate 9%
$436,967
$437.0K
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$59.1K $5.47/SF
− Vacancy
−$2.9K −$0.27/SF
EGI
$56.2K $5.20/SF
− OpEx
−$16.9K −$1.56/SF
NOI
$39.3K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,540
Cap Rate 7%
$561,814
Cap Rate 9%
$436,967
Alternative Uses
Best Use
Mixed Use
$1.88M
$1.65M – $2.20M
NOI $131,868 @ 7.0% cap · market cap 18.87%
Second Best
Retail
$1.62M
$1.42M – $1.89M
NOI $113,287 @ 7.0% cap · market cap 16.21%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,673 @ 7.0% cap · market cap 25.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Shop, paint garage, tire repair, and church areas combine leased space with a vacant garage.
Where is this mixed-use property located?
The property is located at 1829 W Center St Milwaukee, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 10,800‑square‑foot brick property built in 1916; Approximately 5,400‑square‑foot main shop with four automotive lifts; Main shop has overhead doors measuring approximately 10' x 16' and 16' x 9'
