Historic Restaurant
3146 S 27th St Milwaukee, WI 53215
For Sale
$499,900
COMMERCIAL - Milwaukee, WI
Property Size1,300 SF
Lot Size0.11 Acres
Price / SF$384.54
Days on Market67
Property Features for 3146 S 27th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMM
- Standard status
- Active
- APN
- 5340407000
- Size
- 1,300 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3500
Building Details
- Year built
- 1948
- Architectural style
- Other
Listing Agency:
Lannon Stone Realty LLC
(262) 333-4440
Listed By:
Brandon Viliunas · License #91136-94
(414) 897-2276
Added: May 21
Changed: Jul 9
Last Checked: Jul 26 at 6:06PM
MLS# 1963951
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.
Investment Insights
Based on property information with market context.
This historic restaurant property is offered for sale and includes existing commercial kitchen infrastructure. The building totals 1,300 square feet on a 0.11-acre lot, and it is positioned for flexible owner-user use, including restaurant, retail, or commercial redevelopment.
The property is located at 3146 S 27th St, Milwaukee, WI 53215, along the S. 27th Street corridor. The offering includes functional parking and is situated within COMM zoning.
As a recognizable, long-standing neighborhood restaurant location, the site is presented with its established restaurant identity and the operational improvements already in place, offering a straightforward starting point for an owner-operator or redevelopment plan where commercial kitchen and parking are key considerations.
The property is located at 3146 S 27th St, Milwaukee, WI 53215, along the S. 27th Street corridor. The offering includes functional parking and is situated within COMM zoning.
As a recognizable, long-standing neighborhood restaurant location, the site is presented with its established restaurant identity and the operational improvements already in place, offering a straightforward starting point for an owner-operator or redevelopment plan where commercial kitchen and parking are key considerations.
Key Highlights
- Year built: 1948
- Mazos Restaurant has operated as a South Side landmark since 1934
- Located along S. 27th Street corridor
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 | −$1.6k | −$1.22 |
| EGI | $21.0k | $16.18 |
| − OpEx | −$5.3k | −$4.05 |
| NOI | $15.8k | $12.14 |
1,300 SF · lease $17.40/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$225.4K
$197.2K – $263.0K
NOI $15,777 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$985.4K
$862.2K – $1.15M
NOI $68,978 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mazos Hamburgers
Restaurant
Similar Off Market Nearby
- New China Buffet — 3734 S 27th St, Milwaukee, WI 53221
FAQs
What type of property is this?
Conventional restaurant - Historic Milwaukee restaurant property with existing commercial kitchen infrastructure and on-site parking, offered for sale with COMM zoning.
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: Year built: 1948; Mazos Restaurant has operated as a South Side landmark since 1934; Located along S. 27th Street corridor
