Milwaukee Retail and Parking
For Sale
Contact for pricing
2605 E Park Pl, Milwaukee, WI
Portfolio sale featuring retail space and parking units.
Property Size56,796 SF
Lot Size0.48 Acres
Price / SF$46.66
Days on Market344
Property Features for 2605 E Park Pl
General Information
Standard status
Active
Size
56,796 SF
Lot size
0.48 Acres
Property subtype
SPECIALTY
Site & Location
Neighborhood
Northpoint
Listing Agency:
Hunter Real Estate LLC
(414) 931-9931
Listed By:
Michael Testa, CCIM · License #8559994
(815) 482-0105
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:02AM
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 Hunter Real Estate 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.
This portfolio sale consists of three condos. The portfolio includes a 3,200 square foot retail unit within a four-story retail building located at 2574-2580 N Downer Ave, Milwaukee. Additionally, the portfolio features a 104-stall parking unit at 2584 N Downer Ave. The portfolio also includes 13,000 square feet of second-floor space situated above a retail center at 2605 E Park Place, Milwaukee. The total property size is 56,796 square feet.
Key Highlights
- Portfolio includes a 3,200 SF retail unit.
- Portfolio includes a 104 stall parking unit.
- Portfolio features 13,000 SF of second floor space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,816
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,136,320
$4.1M
Cap Rate 7%
$2,954,514
$3.0M
Cap Rate 9%
$2,297,956
$2.3M
Market Conditions
NOI Build-Up for 56,796 SF
Gross rent
$310.7K $5.47/SF
− Vacancy
−$15.2K −$0.27/SF
EGI
$295.5K $5.20/SF
− OpEx
−$88.6K −$1.56/SF
NOI
$206.8K $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%
$4,136,320
Cap Rate 7%
$2,954,514
Cap Rate 9%
$2,297,956
Alternative Uses
Best Use
Retail
$8.51M
$7.45M – $9.93M
NOI $595,762 @ 7.0% cap · market cap 22.48%
Second Best
Industrial
$2.95M
$2.59M – $3.45M
NOI $206,816 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$13.65M
$11.94M – $15.92M
NOI $955,400 @ 7.0% cap · market cap 36.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,696
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Similar Off Market Nearby
- Penske Truck Rental — 2136 N Prospect Ave, Milwaukee, WI 53202
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Portfolio sale featuring retail space and parking units.
Where is this parking lot & garage located?
The property is located at 2605 E Park Pl Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Portfolio includes a 3,200 SF retail unit.; Portfolio includes a 104 stall parking unit.; Portfolio features 13,000 SF of second floor space.
