Free-Standing Building in Prime
3171 S 76th St, Milwaukee, WI 53219
For Sale
$469,000
Well-maintained 2,863 SF building with ample parking and high visibility.
Property Size2,863 SF
Price / SF$163.81
Days on Market229
Property Features for 3171 S 76th St
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
RE/MAX Lakeside-South
Listed By:
Yoon Kim · License WI #5218694
(414) 617-6980
Source:
Jwregwi
Added: Mar 27
Changed: Nov 10
Last Checked: Nov 8 at 9:40AM
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 RE/MAX Lakeside-South
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This almost 3,000 square foot free-standing building, featuring a spacious parking lot, is situated in a prime commercial area near South 76th Street and Oklahoma Avenue. The masonry building is well-maintained and offers convenient access from 76th Street. Remodeled and extended in 2019, the building includes newer HVAC systems. A large pylon sign on South 76th Street provides excellent visibility to passing traffic. The property is located across from a strip mall anchored by Tricity Bank, Dollar Tree, and PNC Bank, as well as a bowling alley. The property was formerly a dry cleaner, and the equipment is negotiable or can be removed. There is extra income from a lease with US Cellular for a portion of the property tax: $4,543 for 2025 and $7,184 for 2026. A cell tower behind the building is leased to US Cellular. US Cellular is responsible for paying a portion of the property tax to the building owner.
Key Highlights
- Prime commercial corridor location on S 76th & Oklahoma with high traffic visibility and pylon sign.
- Priced significantly below assessed value (80k under).
- Well‑maintained, free‑standing masonry building with ample parking and easy access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,707
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,140
$594.1K
Cap Rate 7%
$424,386
$424.4K
Cap Rate 9%
$330,078
$330.1K
Market Conditions
NOI Build-Up for 2,863 SF
Gross rent
$46.4K $16.20/SF
− Vacancy
−$3.9K −$1.38/SF
EGI
$42.4K $14.82/SF
− OpEx
−$12.7K −$4.45/SF
NOI
$29.7K $10.38/SF
Area
ZIP 53219
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,140
Cap Rate 7%
$424,386
Cap Rate 9%
$330,078
Alternative Uses
Best Use
Retail
$424.4K
$371.3K – $495.1K
NOI $29,707 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$688.0K
$602.0K – $802.7K
NOI $48,160 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Milwaukee, WI
Properties on Market for Storefront properties in Milwaukee
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained 2,863 SF building with ample parking and high visibility.
Where is this storefront property located?
The property is located at 3171 S 76th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Prime commercial corridor location on S 76th & Oklahoma with high traffic visibility and pylon sign.; Priced significantly below assessed value (80k under).; Well‑maintained, free‑standing masonry building with ample parking and easy access.
