Brick Live-Work
For Sale
$210,000
3103 N 28th St, Milwaukee, WI 53216
Y, Milwaukee, WI
Property Size3,347 SF
Lot Size0.12 Acres
Price / SF$62.74
Days on Market96
Property Features for 3103 N 28th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LB2
Directions
Burleigh to 28th St
Standard status
Active
APN
2860958000
Size
3,347 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2677
Building Details
Year built
1923
Architectural style
Other
Listing Agency:
Realty Executives Integrity~Brookfield · Realty Executives International
(262) 783-7080
Listed By:
Dionne Barnes · License #5708790
(414) 467-8003
Added: Jul 27
Changed: Sep 29
Last Checked: Oct 30 at 12:06AM
MLS# 1973491
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This live-work property combines a two-story brick residence with a separate brick commercial garage on a 0.12-acre lot. The 3,347-square-foot home includes four bedrooms, one bathroom, living and dining rooms, an eat-in kitchen, two main-floor bedrooms, and two additional bedrooms upstairs with a sitting room. Basement storage adds functional space. Built in 1923, the property is zoned LB2.
The approximately 2,000-square-foot garage contains an office, bathroom, and storage room, with room for up to three commercial vans. The separate garage configuration creates a clear division between residential and business functions while keeping both components on one property. Located at 3103 N 28th St in Milwaukee, the offering is suited to an owner-occupant or small business operation seeking an integrated home and workspace.
The approximately 2,000-square-foot garage contains an office, bathroom, and storage room, with room for up to three commercial vans. The separate garage configuration creates a clear division between residential and business functions while keeping both components on one property. Located at 3103 N 28th St in Milwaukee, the offering is suited to an owner-occupant or small business operation seeking an integrated home and workspace.
Key Highlights
- Two‑story brick residence with 4 bedrooms and 1 bathroom
- Separate brick commercial garage measuring approximately 2000 sq ft
- Garage includes office, bathroom, storage room, and space for up to 3 commercial vans
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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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Live-work space - Two-story residence paired with a separate commercial garage, providing dedicated areas for living, office use, storage, and vehicle parking.
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: Two‑story brick residence with 4 bedrooms and 1 bathroom; Separate brick commercial garage measuring approximately 2000 sq ft; Garage includes office, bathroom, storage room, and space for up to 3 commercial vans
