Historic Restaurant Property with
3146 S 27th St Milwaukee, WI 53208
3146 S 27th St, Milwaukee, WI, 53208
$499,900
For Sale
$499,900
Historic restaurant property with existing commercial kitchen infrastructure and on-site parking along S. 27th Street.
Property Size1,300 SF
Price / SF$384.54
Days on Market64
Property Features for 3146 S 27th St
General Information
- Standard status
- Active
- Size
- 1,300 SF
Listing agency
Lannon Stone Realty LLC
(414) 897-2276
Listed by
Brandon Viliunas · License #91136-94
(414) 897-2276
Source
Exprealty
Added: May 21 Updated: Jul 22 at 4:09PM Checked: Jul 22 at 4:09PM
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 Lannon Stone Realty LLC
Investment Insights
Based on property information with market context.
This historic restaurant property is home to Mazos Restaurant, which has operated since 1934. The site includes existing commercial kitchen infrastructure and on-site parking, supporting current restaurant use and possible owner-user redevelopment.
Located along the S. 27th Street corridor, the property benefits from high visibility in a well-known South Side retail/restaurant setting. The configuration also offers flexible possibilities for restaurant, retail, or commercial redevelopment, depending on the buyer’s plans.
Located along the S. 27th Street corridor, the property benefits from high visibility in a well-known South Side retail/restaurant setting. The configuration also offers flexible possibilities for restaurant, retail, or commercial redevelopment, depending on the buyer’s plans.
Key Highlights
- Historic restaurant property known as Mazos Restaurant, operating as a South Side landmark since 1934
- Located along S. 27th Street corridor with high visibility
- Includes existing commercial kitchen infrastructure for restaurant use
Local Financial Insights For Specialty 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 | $22.6k | $17.40 |
| − Vacancy | −$1.4k | −$1.04 |
| EGI | $21.3k | $16.36 |
| − OpEx | −$5.3k | −$4.09 |
| NOI | $15.9k | $12.27 |
1,300 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$227.8K
$199.3K – $265.8K
NOI $15,947 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$67.6K
$59.2K – $78.9K
NOI $4,734 @ 7.0% cap · market cap 0.95%
Theoretical Best
Office A
$312.4K
$273.4K – $364.5K
NOI $21,868 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mazos Hamburgers
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Historic restaurant property with existing commercial kitchen infrastructure and on-site parking along S. 27th Street.
Where is this conventional restaurant located?
The property is located at 3146 S 27th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Historic restaurant property known as Mazos Restaurant, operating as a South Side landmark since 1934; Located along S. 27th Street corridor with high visibility; Includes existing commercial kitchen infrastructure for restaurant use
