Mixed-Use Building with Event
3627 West Lisbon Ave Milwaukee, WI 53208
3627 West Lisbon Ave, Milwaukee, WI, 53208
$266,500
For Sale
$266,500
Commercial Sale, Other - Milwaukee, WI
Property Size2,704 SF
Lot Size0.90 Acres
Price / SF$98.56
Days on Market17
Property Features for 3627 West Lisbon Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,704 SF
- Lot size
- 0.90 Acres
Building Details
- Year built
- 1959
- Architectural style
- Other
Listing Agency
NextHome My Way
(414) 759-5486
5151 S. Howell Avenue, Suite A, WI
Listed by
Victor Rono · License #0000000,PersonLicenseNumber
(414) 501-7479
Added: Jul 1 Checked: Jul 17 at 9:06 pm
MLS# 1969828
Listing URL
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Investment Insights
Based on property information with market context.
This versatile mixed-use property was recently rezoned for assembly use and includes an event space currently operating on an hourly rental basis. The upper residential unit is now vacant, while the lower level is fully built out with new windows, a custom bar with plumbing ready for a sink, and a prep kitchen (buyer to verify whether full kitchen permits are in place). Major updates include a new roof, upgraded electrical, plumbing, HVAC, and separate gas lines for each level. The basement provides room for further expansion.
An adjacent lot is included, offering additional outdoor space for events and potential room for future development. The property is located at 3627 West Lisbon Ave, Milwaukee, WI 53208.
An adjacent lot is included, offering additional outdoor space for events and potential room for future development. The property is located at 3627 West Lisbon Ave, Milwaukee, WI 53208.
Key Highlights
- Mixed‑use property built in 1959, recently rezoned for assembly with flexible business use.
- Upper residential unit previously rented for $1,600/month and is now vacant for owner‑occupancy or a new tenant.
- Major system updates: new roof, upgraded electrical, plumbing, HVAC, and separate gas lines for each level.
Local Financial Insights For Industrial
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 | $14.8k | $5.47 |
| − Vacancy | −$725 | −$0.27 |
| EGI | $14.1k | $5.20 |
| − OpEx | −$4.2k | −$1.56 |
| NOI | $9.8k | $3.64 |
2,704 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$473.9K
$414.6K – $552.8K
NOI $33,170 @ 7.0% cap · market cap 12.45%
Second Best
Mixed Use
$471.7K
$412.7K – $550.3K
NOI $33,016 @ 7.0% cap · market cap 12.39%
Theoretical Best
Office A
$649.8K
$568.6K – $758.1K
NOI $45,486 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with an event space setup, vacant upper unit, and major system upgrades including roof, electrical, and HVAC.
Where is this mixed-use property located?
The property is located at 3627 West Lisbon Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $266,500.
What are key features of this property?
This property features: Mixed‑use property built in 1959, recently rezoned for assembly with flexible business use.; Upper residential unit previously rented for $1,600/month and is now vacant for owner‑occupancy or a new tenant.; Major system updates: new roof, upgraded electrical, plumbing, HVAC, and separate gas lines for each level.
