Laundromat with Approved Gas
312 W Keefe Ave Milwaukee, WI 53212
312 W Keefe Ave, Milwaukee, WI, 53212
$749,900
For Sale
$749,900
Laundromat property on a street-corner with a large parking lot and city approval for a gas station.
Property Size3,486 SF
Price / SF$215.12
Days on Market187
Property Features for 312 W Keefe Ave
General Information
- Standard status
- Active
- Size
- 3,486 SF
Listing agency
Bear Realty Of Burlington
(262) 757-3136
Listed by
Marc Chapdelaine
(262) 757-3136
Source
Exprealty
Added: Jan 16 Updated: Jul 22 at 6:43AM Checked: Jul 22 at 6:43AM
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 Bear Realty Of Burlington
Investment Insights
Based on property information with market context.
This for-sale laundromat property is reported to be in great condition and includes a large parking lot. Public remarks also indicate gross income of $108,000 per year, with the building and business positioned as turnkey for a buyer evaluating the existing operation.
Situated in a prime Milwaukee location on a high-traffic residential neighborhood street corner, the property’s corner positioning and parking support retail-style accessibility.
In addition to the laundromat, the property is approved by the City for a gas station, which may be of particular interest to buyers who are specifically evaluating gas-station properties.
Situated in a prime Milwaukee location on a high-traffic residential neighborhood street corner, the property’s corner positioning and parking support retail-style accessibility.
In addition to the laundromat, the property is approved by the City for a gas station, which may be of particular interest to buyers who are specifically evaluating gas-station properties.
Key Highlights
- Laundromat on a street‑corner in a Milwaukee high‑traffic residential neighborhood
- Gross income of $108,000 per year
- Large parking lot included with the property
Local Financial Insights For Retail
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 | $56.5k | $16.20 |
| − Vacancy | −$4.2k | −$1.22 |
| EGI | $52.2k | $14.99 |
| − OpEx | −$15.7k | −$4.50 |
| NOI | $36.6k | $10.49 |
3,486 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$522.4K
$457.1K – $609.4K
NOI $36,566 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.7K
$733.0K – $977.3K
NOI $58,640 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Big Load Laundry
(Bike/Boat/Book/etc) Store
U-Haul Neighborhood Dealer
Car Rental Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Laundromat property on a street-corner with a large parking lot and city approval for a gas station.
Where is this retail space located?
The property is located at 312 W Keefe Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Laundromat on a street‑corner in a Milwaukee high‑traffic residential neighborhood; Gross income of $108,000 per year; Large parking lot included with the property
