Brick Live-Work Property with
For Sale
$210,000
3103 N 28th St, Milwaukee, WI 53216
Live-work property in LB2 zoning with a separate commercial garage for up to three vans.
Property Size3,347 SF
Price / SF$62.74
Days on Market96
Property Features for 3103 N 28th St
General Information
Standard status
Active
Size
3,347 SF
Site & Location
Neighborhood
Franklin Heights
Amenities
sitting room
living room
dining room
eat-in kitchen
basement
office
bathroom
storage room
Building Details
Year Built
1923
Buildings
2
Construction
brick
Listing Agency:
Realty Executives Integrity~Brookfield
Listed By:
Dionne Barnes · License #5708790
(414) 467-8003
Source:
Nikolicgroup
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 6:01PM
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 Realty Executives Integrity~Brookfield
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Investment Insights
Based on property information with market context.
Brick 2-story live-work property includes a separate commercial garage sold together. The home features 4 bedrooms and 1 bath, with spacious living and dining rooms, an eat-in kitchen, and 2 main-floor bedrooms. Upstairs offers an additional 2 bedrooms along with a sitting room. A basement adds additional storage space.
The separate brick commercial garage is approximately 2,000 SF and includes an office, bathroom, and storage room, plus space for up to 3 commercial vans. Zoning is LB2.
Built in 1923, the property provides one location to combine daily living with on-site commercial garage space.
The separate brick commercial garage is approximately 2,000 SF and includes an office, bathroom, and storage room, plus space for up to 3 commercial vans. Zoning is LB2.
Built in 1923, the property provides one location to combine daily living with on-site commercial garage space.
Key Highlights
- LB2 zoning for combined residential and commercial use
- Brick 2‑story home with 4 bedrooms and 1 bathroom
- 2 main‑floor bedrooms plus two upstairs bedrooms and a sitting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,188
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,760
$243.8K
Cap Rate 7%
$174,114
$174.1K
Cap Rate 9%
$135,422
$135.4K
Market Conditions
NOI Build-Up for 3,347 SF
Gross rent
$18.3K $5.47/SF
− Vacancy
−$897 −$0.27/SF
EGI
$17.4K $5.20/SF
− OpEx
−$5.2K −$1.56/SF
NOI
$12.2K $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%
$243,760
Cap Rate 7%
$174,114
Cap Rate 9%
$135,422
Alternative Uses
Best Use
Mixed Use
$583.8K
$510.8K – $681.1K
NOI $40,867 @ 7.0% cap · market cap 19.46%
Second Best
Office B
$546.7K
$478.4K – $637.9K
NOI $38,271 @ 7.0% cap · market cap 18.22%
Theoretical Best
Office A
$804.3K
$703.8K – $938.4K
NOI $56,302 @ 7.0% cap · market cap 26.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
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Market
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Live-work space - Live-work property in LB2 zoning with a separate commercial garage for up to three vans.
Where is this live-work space located?
The property is located at 3103 N 28th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: LB2 zoning for combined residential and commercial use; Brick 2‑story home with 4 bedrooms and 1 bathroom; 2 main‑floor bedrooms plus two upstairs bedrooms and a sitting room
