Renovated Bar & Pub with
For Sale
$595,000
3701 S Iowa Ave Saint, Milwaukee, WI 53235
Includes a renovated building, leased residential units, garage, and gambling machines.
Property Size3,695 SF
Days on Market238
Property Features for 3701 S Iowa Ave Saint
General Information
Standard status
Active
Size
3,695 SF
Property subtype
Free Standing Building
Additional Details
Business Included
Yes
Building Details
Building Size
3,695 SF
Year Built
1950
Listing Agency:
Anderson Commercial Group
Listed By:
Steffi Hahn · License #9057884
(414) 858-5207
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 10
Last Checked: Oct 12 at 4:35PM
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 Anderson Commercial Group
Investment Insights
Based on property information with market context.
This property combines a bar and pub operation with an accompanying residential component. The sale includes the building and business, along with three leased 2-bedroom apartments. The entire building has been renovated and upgraded, and the property includes a 2.5-car garage and five gambling machines.
Located on the west side of S Iowa Ave, north of E Elizabeth St, the property offers a mixed-use configuration with established bar space and residential units in one asset. P&L information is available to qualified parties who execute a signed NDA.
Located on the west side of S Iowa Ave, north of E Elizabeth St, the property offers a mixed-use configuration with established bar space and residential units in one asset. P&L information is available to qualified parties who execute a signed NDA.
Key Highlights
- Bar and pub business included with the building
- Three leased 2‑bedroom apartments
- Entire building renovated and upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,327
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,540
$906.5K
Cap Rate 7%
$647,529
$647.5K
Cap Rate 9%
$503,633
$503.6K
Market Conditions
NOI Build-Up for 3,695 SF
Gross rent
$64.3K $17.40/SF
− Vacancy
−$3.9K −$1.04/SF
EGI
$60.4K $16.36/SF
− OpEx
−$15.1K −$4.09/SF
NOI
$45.3K $12.27/SF
Area
Milwaukee, WI
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,540
Cap Rate 7%
$647,529
Cap Rate 9%
$503,633
Alternative Uses
Best Use
Specialty Retail
$647.5K
$566.6K – $755.5K
NOI $45,327 @ 7.0% cap · market cap 7.62%
Second Best
Multifamily LT 5
$531.0K
$464.6K – $619.5K
NOI $37,168 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$887.9K
$777.0K – $1.04M
NOI $62,156 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53235, WI
9,175
Population
5,279
Households
1.7
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
3,529
Density / Sq Mi
$58,490
Median Household Income
$54,060
Median Earnings
$893
Median Rent
$207,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Bad Moon Saloon — 4035 S Clement Ave, Milwaukee, WI 53207
- King Pins — 4102 S Kinnickinnic Ave, St Francis, WI 53235
- Dobie's Steaks & More — 4136 S Kinnickinnic Ave, St Francis, WI 53235
- The Historic Scotty's Bar & Pizza — 3921 S Clement Ave, Milwaukee, WI 53207
- Izzy's Tap — 3783 S Kinnickinnic Ave, St Francis, WI 53235
Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes a renovated building, leased residential units, garage, and gambling machines.
Where is this bar & pub located?
The property is located at 3701 S Iowa Ave Saint Milwaukee, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Bar and pub business included with the building; Three leased 2‑bedroom apartments; Entire building renovated and upgraded
