Milwaukee Retail and Parking
2605 E Park Pl Milwaukee, WI
For Sale
Contact for pricing
Portfolio sale featuring retail space and parking units.
Property Size56,796 SF
Lot Size0.48 Acres
Price / SF$46.66
Days on Market253
Property Features for 2605 E Park Pl
General Information
Standard status
Active
Size
56,796 SF
Lot size
0.48 Acres
Property subtype
SPECIALTY
Listing Agency:
Hunter Real Estate LLC
(815) 482-0105
Listed By:
Michael Testa, CCIM
(815) 482-0105
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:25AM
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
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 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 | $310.7k | $5.47 |
| − Vacancy | −$15.2k | −$0.27 |
| EGI | $295.5k | $5.20 |
| − OpEx | −$88.6k | −$1.56 |
| NOI | $206.8k | $3.64 |
56,796 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
