Mixed-Use Property with
For Sale
$2,000,000
3514 N Port Washington Ave, Milwaukee, WI 53212
Adaptable property combines creative workspaces, event space, offices, a commercial kitchen, and residential units.
Property Size9,960 SF
Price / SF$200.80
Days on Market47
Property Features for 3514 N Port Washington Ave
General Information
Standard status
Active
Size
9,960 SF
Property subtype
Multi-Family
Building Details
Year Built
1928
Listing Agency:
Soulful Realty LLC
Listed By:
Lamaine Harris
(414) 326-7140
Source:
Nikolicgroup
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 7 at 4:44PM
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 Soulful Realty LLC
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Investment Insights
Based on property information with market context.
Located at 3514 N Port Washington Ave in Milwaukee, this 9,960-square-foot mixed-use property was built in 1928. The building includes nine private studios with 24-hour keyed access, designated office areas, a gallery and event space, and a commercial kitchen. Two residential units add a residential component to the overall layout.
The configuration brings together creative, administrative, event, culinary, and residential spaces within one building. The gallery and event area provides a dedicated setting for gatherings, while the studios offer individually separated workspaces. The commercial kitchen expands the facility’s functional range, and the residential units provide additional on-site accommodation within the mixed-use arrangement.
The configuration brings together creative, administrative, event, culinary, and residential spaces within one building. The gallery and event area provides a dedicated setting for gatherings, while the studios offer individually separated workspaces. The commercial kitchen expands the facility’s functional range, and the residential units provide additional on-site accommodation within the mixed-use arrangement.
Key Highlights
- 9,960‑square‑foot mixed‑use property at 3514 N Port Washington Ave, Milwaukee, WI 53212
- Nine private studios with 24‑hour keyed access
- Gallery and event space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,612
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,240
$2.4M
Cap Rate 7%
$1,737,314
$1.7M
Cap Rate 9%
$1,351,244
$1.4M
Market Conditions
NOI Build-Up for 9,960 SF
Gross rent
$221.1K $22.20/SF
− Vacancy
−$26.5K −$2.66/SF
EGI
$194.6K $19.54/SF
− OpEx
−$73.0K −$7.33/SF
NOI
$121.6K $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%
$2,432,240
Cap Rate 7%
$1,737,314
Cap Rate 9%
$1,351,244
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,612 @ 7.0% cap · market cap 6.08%
Second Best
Office B
$1.63M
$1.42M – $1.90M
NOI $113,888 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,543 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Office in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable property combines creative workspaces, event space, offices, a commercial kitchen, and residential units.
Where is this mixed-use property located?
The property is located at 3514 N Port Washington Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 9,960‑square‑foot mixed‑use property at 3514 N Port Washington Ave, Milwaukee, WI 53212; Nine private studios with 24‑hour keyed access; Gallery and event space included
