Turn-Key Restaurant with Kitchen
For Lease
Contact for pricing
2850-2862 N Oakland Ave, Milwaukee, WI 53211
Restaurant includes walk-in coolers and freezers, plus four apartments above.
Space Size3,500 SF
Days on Market908
Property Features for 2850-2862 N Oakland Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
RETAIL
Lease Type
Modified Gross
Site & Location
Neighborhood
Upper East Side
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Space Use
Restaurant
Amenities
party room with fireplace
Spaces For Lease
at 2850-2862 N Oakland Ave
Prime Retail Space Near UWM - Turn-Key Restaurant
$16 – $18/SF/Yr
Floor
1
Size
3,500 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
• Turn-Key Restaurant
• Located just a few block away from the
UWMilwaukee campus (27,156 students)
• Restaurant includes 20 ft hood, walk-in
coolers and freezers, 20 taplines, newer HVAC,
& party room with fireplace
• Extremely walkable, dense neighborhood
• Four apartments located above
• Nearby restaurants/retailers include:
Oakland Gyros, Subway, Cheba Hut, Cousins
Subs, Buffalo Wild Wings Go, Walgreen’s
Contact us
Listing Agency:
Colliers - Milwaukee
(414) 276-9500
Listed By:
Russell Sagmoen
(414) 278-6810
Source:
Moodyscre
Added: May 6, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:53AM
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 Colliers - Milwaukee
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Investment Insights
Based on property information with market context.
Turn-key restaurant space at 2850-2862 N Oakland Ave, Milwaukee, WI 53211, totaling 3,500 SF. The restaurant is equipped with a hood (20 ft), walk-in coolers and freezers, and 20 taplines, along with newer HVAC. An added party room with fireplace supports group gatherings and events.
The property is located just a few blocks away from the UWMilwaukee campus (27,156 students), in a dense, walkable neighborhood. Nearby restaurants and retailers listed include Oakland Gyros, Subway, Cheba Hut, Cousins Subs, Buffalo Wild Wings Go, and Walgreen’s.
Four apartments are located above the restaurant, providing mixed-use functionality within the same building.
The property is located just a few blocks away from the UWMilwaukee campus (27,156 students), in a dense, walkable neighborhood. Nearby restaurants and retailers listed include Oakland Gyros, Subway, Cheba Hut, Cousins Subs, Buffalo Wild Wings Go, and Walgreen’s.
Four apartments are located above the restaurant, providing mixed-use functionality within the same building.
Key Highlights
- 3,500 SF turn‑key restaurant at 2850‑2862 N Oakland Ave
- 20 ft hood, walk‑in coolers and freezers
- 20 taplines for draft service
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Milwaukee, WI
$21.34 /SF/Yr
Avg Asking Price
$15.71–$28.86 /SF/Yr
Price Range
4,395 SF
Avg Space Size
This space is priced 25% below the average of $21.34 /SF/Yr.
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant includes walk-in coolers and freezers, plus four apartments above.
Where is this conventional restaurant located?
The property is located at 2850-2862 N Oakland Ave Milwaukee, WI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 3,500 SF turn‑key restaurant at 2850‑2862 N Oakland Ave; 20 ft hood, walk‑in coolers and freezers; 20 taplines for draft service
