Four-Level Mixed-Use
New
For Sale
$750,000
436 E Smith St, Milwaukee, WI 53207
Y, Milwaukee, WI
Property Size3,000 SF
Lot Size0.04 Acres
Price / SF$250
Days on Market3
Property Features for 436 E Smith St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RT4
Directions
South on Kinnickinnic Ave. to east Smith St. Then south to building.
Standard status
Active
APN
4991228100
Size
3,000 SF
Lot size
0.04 Acres
Additional Details
Currently Operating
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5800
Building Details
Year built
1889
Architectural style
Other
Buildings
1
Listing Agency:
Lannon Stone Realty LLC
(262) 333-4440
Listed By:
Christopher Gutierrez
(414) 807-9260
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 29 at 3:06PM
MLS# 1986267
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 436 E Smith St in Milwaukee, this 3,000-square-foot mixed-use building has four levels, with a commercial area on the main floor and an apartment/loft above. The commercial space is currently used as a salon and includes salon equipment. The building’s original construction dates to 1889, and it underwent a substantial rebuild after being taken back to its basic structure. The parcel measures 0.04 acres and carries RT4 zoning.
Key Highlights
- Four‑level mixed‑use building with 3,000 square feet
- Main‑level commercial space currently operating as a salon, with salon equipment
- Upper apartment/loft
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
Retail
$449.5K
$393.4K – $524.5K
NOI $31,468 @ 7.0% cap · market cap 4.20%
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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Open Analytics
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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Market
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upper-level apartment/loft sits above a commercial space currently operating as a salon.
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: Four‑level mixed‑use building with 3,000 square feet; Main‑level commercial space currently operating as a salon, with salon equipment; Upper apartment/loft
