Mixed-Use Building with Salon
For Sale
$750,000
436 E Smith St, Milwaukee, WI 53207
Four levels combine an apartment loft upstairs with a commercial salon space on the main floor.
Property Size3,000 SF
Price / SF$250
Days on Market8
Property Features for 436 E Smith St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Site & Location
Neighborhood
Bay View
Mixed-Use Components
retail, residential
Additional Details
Currently Operating
Yes
Building Details
Year Built
1889
Buildings
1
Stories
4
Listing Agency:
Lannon Stone Realty LLC
Listed By:
Christopher L Gutierrez · License #5730094
(414) 807-9260
Source:
Viewhomesinwisconsin
Added: Oct 25
Changed: Oct 31
Last Checked: Oct 30 at 3:25PM
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 Lannon Stone Realty LLC
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Investment Insights
Based on property information with market context.
This 3,000-square-foot mixed-use property in Milwaukee has four levels, with an apartment loft above a main-floor commercial space currently operating as a salon. The upper residence has been updated, and the building underwent an extensive renovation that included new salon equipment. Originally constructed in 1889, the property was taken back to its underlying structure during the renovation.
Key Highlights
- 3,000‑square‑foot building arranged across four levels
- Updated upper‑level apartment loft
- Main‑floor commercial space currently operating as a salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,630
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,600
$732.6K
Cap Rate 7%
$523,286
$523.3K
Cap Rate 9%
$407,000
$407.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.6K $22.20/SF
− Vacancy
−$8.0K −$2.66/SF
EGI
$58.6K $19.54/SF
− OpEx
−$22.0K −$7.33/SF
NOI
$36.6K $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%
$732,600
Cap Rate 7%
$523,286
Cap Rate 9%
$407,000
Alternative Uses
Best Use
Mixed Use
$523.3K
$457.9K – $610.5K
NOI $36,630 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.9K
$630.8K – $841.1K
NOI $50,465 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
983
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four levels combine an apartment loft upstairs with a commercial salon space on the main floor.
Where is this mixed-use property located?
The property is located at 436 E Smith St Milwaukee, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000‑square‑foot building arranged across four levels; Updated upper‑level apartment loft; Main‑floor commercial space currently operating as a salon
