Flexible Warehouse and Service
2116 N 31st STREET Milwaukee, WI 53208
For Sale
$279,900
A 6,816 sq. ft. warehouse with ample interior space and high ceilings, suited for service and light industrial uses.
Property Size6,816 SF
Price / SF$41.07
Days on Market61
Property Features for 2116 N 31st STREET
General Information
- Standard status
- Active
- Size
- 6,816 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1945
Listing Agency:
Premier Point Realty LLC
(262) 729-5475
Listed By:
Christian Anderson
(262) 729-5475
Source:
Xome
Added: May 25
Changed: Jul 23
Last Checked: Jul 23 at 3:29PM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
This for-sale warehouse offers flexible interior space totaling 6,816 sq. ft., with ample room and high ceilings to support a range of service and light industrial needs. The layout is described as accommodating uses such as an auto repair shop, mechanic garage, contractor storage, and other service-based operations.
Located at 2116 N 31st Street in Milwaukee, WI 53208, the property is presented as having easy access to major Milwaukee routes.
Available as an owner-occupant or investment opportunity, the building’s combination of size and versatility is positioned for businesses that need functional warehouse space for day-to-day operations or storage.
Located at 2116 N 31st Street in Milwaukee, WI 53208, the property is presented as having easy access to major Milwaukee routes.
Available as an owner-occupant or investment opportunity, the building’s combination of size and versatility is positioned for businesses that need functional warehouse space for day-to-day operations or storage.
Key Highlights
- 6,816 sq. ft. warehouse at 2116 N 31st St with flexible interior space for service and light industrial uses
- Zoned Commerical
- 10 parking spaces
Financial Insights For Industrial
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 | $37.3k | $5.47 |
| − Vacancy | −$1.8k | −$0.27 |
| EGI | $35.5k | $5.20 |
| − OpEx | −$10.6k | −$1.56 |
| NOI | $24.8k | $3.64 |
6,816 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$893.7K – $1.19M
NOI $71,496 @ 7.0% cap · market cap 25.54%
Second Best
Flex RnD
$958.7K
$838.8K – $1.12M
NOI $67,107 @ 7.0% cap · market cap 23.98%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,656 @ 7.0% cap · market cap 40.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Compass Storage Facility — 3600 W Pierce St 1st floor, Milwaukee, WI 53215
- Stadium Self-Storage — 4000 W Burnham St, Milwaukee, WI 53215
- Express Storage Units - Cheap Self Storage Near You — 3910 w orchard st, milwaukee, wi 53215
- Prairie Land Towing - Milwaukee, WI — 2101 S 37th St., Milwaukee, WI 53215
- Aetna Moving & Storage Inc. — 2173 S Aetna Ln, Milwaukee, WI 53215
FAQs
What type of property is this?
Warehouse - A 6,816 sq. ft. warehouse with ample interior space and high ceilings, suited for service and light industrial uses.
Where is this warehouse located?
The property is located at 2116 N 31st STREET Milwaukee, WI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 6,816 sq. ft. warehouse at 2116 N 31st St with flexible interior space for service and light industrial uses; Zoned Commerical; 10 parking spaces
