All-Brick Fully Leased
2600 W Fond Du Lac AVENUE Unit 2604 Milwaukee, WI 53206
2600 W Fond Du Lac AVENUE Unit 2604, Milwaukee, WI, 53206
$675,000
For Sale
$675,000
All-brick warehouse with multiple parceled units, currently fully rented and supported by recent interior and exterior upgrades.
Property Size9,550 SF
Price / SF$70.68
Days on Market120
Property Features for 2600 W Fond Du Lac AVENUE Unit 2604
General Information
- Standard status
- Active
- Size
- 9,550 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1921
Listing agency
Premier Point Realty LLC
(262) 224-5843
Listed by
Erica Winship
(262) 224-5843
Source
Xome
Added: Mar 26 Updated: Jul 22 at 2:13PM Checked: Jul 23 at 3:40AM
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 all-brick warehouse includes multiple parceled units and is currently fully rented. The property features bathroom and communal kitchen updates, along with unit-specific customizations. The seller also notes upgrades including new HVAC, electrical, plumbing, and interior finishings.
The asset is positioned on a highly visible portion of the Sherman Park and Lindsay Heights area, just steps from Fondy Farmers Market.
Externally, the seller reports a new fence, blacktops, lighting, security paint, and doors. The seller further states the property is generating cash flow of $13,000 per month.
The asset is positioned on a highly visible portion of the Sherman Park and Lindsay Heights area, just steps from Fondy Farmers Market.
Externally, the seller reports a new fence, blacktops, lighting, security paint, and doors. The seller further states the property is generating cash flow of $13,000 per month.
Key Highlights
- All‑brick warehouse built in 1921 with LB2 zoning
- Currently fully rented with reported $13,000/month income (per seller)
- Multi‑parceled setup with about 20 units
Local Financial Insights For Warehouse
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 | $52.2k | $5.47 |
| − Vacancy | −$2.6k | −$0.27 |
| EGI | $49.7k | $5.20 |
| − OpEx | −$7.5k | −$0.78 |
| NOI | $42.2k | $4.42 |
9,550 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,175 @ 7.0% cap · market cap 14.84%
Second Best
Warehouse
$603.2K
$527.8K – $703.8K
NOI $42,227 @ 7.0% cap · market cap 6.26%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Stopgodoggroomingpetcare
Pet Grooming Service
The Clarence Mull Youth ...
Child Welfare Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - All-brick warehouse with multiple parceled units, currently fully rented and supported by recent interior and exterior upgrades.
Where is this warehouse located?
The property is located at 2600 W Fond Du Lac AVENUE Unit 2604 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: All‑brick warehouse built in 1921 with LB2 zoning; Currently fully rented with reported $13,000/month income (per seller); Multi‑parceled setup with about 20 units
