Multi-Unit Brick
For Sale
$675,000
2600 W Fond Du Lac Ave, Milwaukee, WI 53206
Fully leased warehouse with renovated shared facilities and updates to select building systems.
Property Size9,550 SF
Price / SF$70.68
Days on Market99
Property Features for 2600 W Fond Du Lac Ave
General Information
Standard status
Active
Size
9,550 SF
Building Details
Year Built
1921
Listing Agency:
Premier Point Realty LLC
Listed By:
Erica L Winship · License #40219
(262) 224-5843
Source:
Nikolicgroup
Added: Jul 10
Changed: Oct 3
Last Checked: Oct 7 at 4:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1921, this 9,550-square-foot all-brick warehouse is arranged across about 20 parceled units. The property is fully rented and includes a communal kitchen and updated bathrooms, along with tenant-specific improvements. Select areas have received new HVAC, electrical, plumbing, and finish work.
Exterior improvements include fencing, blacktop work, lighting, security paint, and doors. The property is located at 2600 W Fond Du Lac Ave in Milwaukee, where Sherman Park meets Lindsay Heights and near Fondy Farmers Market. Its multi-unit layout accommodates a range of established commercial occupants, including podcasters, musicians, and beauty shops.
Exterior improvements include fencing, blacktop work, lighting, security paint, and doors. The property is located at 2600 W Fond Du Lac Ave in Milwaukee, where Sherman Park meets Lindsay Heights and near Fondy Farmers Market. Its multi-unit layout accommodates a range of established commercial occupants, including podcasters, musicians, and beauty shops.
Key Highlights
- 9,550‑square‑foot all‑brick warehouse built in 1921
- About 20 parceled units; currently fully rented
- Renovated bathrooms and communal kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,227
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,540
$844.5K
Cap Rate 7%
$603,243
$603.2K
Cap Rate 9%
$469,189
$469.2K
Market Conditions
NOI Build-Up for 9,550 SF
Gross rent
$52.2K $5.47/SF
− Vacancy
−$2.6K −$0.27/SF
EGI
$49.7K $5.20/SF
− OpEx
−$7.5K −$0.78/SF
NOI
$42.2K $4.42/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,540
Cap Rate 7%
$603,243
Cap Rate 9%
$469,189
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $109,199 @ 7.0% cap · market cap 16.18%
Second Best
Flex RnD
$1.34M
$1.18M – $1.57M
NOI $94,025 @ 7.0% cap · market cap 13.93%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,646 @ 7.0% cap · market cap 23.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Under-served
Demand for This Use
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 Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse with renovated shared facilities and updates to select building systems.
Where is this warehouse located?
The property is located at 2600 W Fond Du Lac Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 9,550‑square‑foot all‑brick warehouse built in 1921; About 20 parceled units; currently fully rented; Renovated bathrooms and communal kitchen
