Mixed-Use Property on Kinnickinnic
3459 S Kinnickinnic Ave, Milwaukee, WI 53207
For Sale
Contact for pricing
Value-add opportunity with residential and commercial spaces on Kinnickinnic.
Property Size1,385 SF
Price / SF$277.98
Days on Market240
Property Features for 3459 S Kinnickinnic Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Units
Listing Agency:
City Commercial Real Estate
Listed By:
Madeline Rzentkowski · License WI 94071-94
(262) 419-9419
Source:
Crexi
Added: Mar 16
Changed: Oct 25
Last Checked: Nov 8 at 9:08AM
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 City Commercial Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property offers an opportunity for value-add or owner occupancy. It features a three-bedroom, one-bathroom apartment unit and a commercial storefront located on Kinnickinnic Avenue. The original residential portion of the building, constructed in the 1920s, has been maintained. A brick commercial storefront was added in the mid-1950s and has been occupied by a barbershop. The storefront includes a 25-foot by 12-foot retail area, a restroom, and storage space in the back. The upper residential unit has a kitchen, bedroom, bathroom, and living room on the first level, with two additional bedrooms and a den area on the second level. The property also features a fenced-in yard, a small aluminum shed, and a divided two-car garage. All barbershop fixtures, except for the neon sign in the front window, are included in the sale. The property size is 1385 square feet.
Key Highlights
- Commercial storefront on Kinnickinnic Ave offering immediate income potential or business opportunity.
- Three‑bedroom apartment unit ideal for owner occupancy or rental income.
- Well‑maintained original residential portion built in the 1920s.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,911
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,220
$338.2K
Cap Rate 7%
$241,586
$241.6K
Cap Rate 9%
$187,900
$187.9K
Market Conditions
NOI Build-Up for 1,385 SF
Gross rent
$30.7K $22.20/SF
− Vacancy
−$3.7K −$2.66/SF
EGI
$27.1K $19.54/SF
− OpEx
−$10.1K −$7.33/SF
NOI
$16.9K $12.21/SF
Area
Milwaukee, WI
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,220
Cap Rate 7%
$241,586
Cap Rate 9%
$187,900
Alternative Uses
Best Use
Mixed Use
$241.6K
$211.4K – $281.9K
NOI $16,911 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$207.5K
$181.6K – $242.1K
NOI $14,528 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$332.8K
$291.2K – $388.3K
NOI $23,298 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee, WI
Properties on Market for Mixed-use properties in Milwaukee
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Value-add opportunity with residential and commercial spaces on Kinnickinnic.
Where is this mixed-use property located?
The property is located at 3459 S Kinnickinnic Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Commercial storefront on Kinnickinnic Ave offering immediate income potential or business opportunity.; Three‑bedroom apartment unit ideal for owner occupancy or rental income.; Well‑maintained original residential portion built in the 1920s.
