Mixed-Use Property with
4519 W Center Street #4521, Milwaukee, WI 53210
For Sale
New
$375,000
Restaurant equipment and a range of building-system upgrades are part of the offering.
Property Size1,919 SF
Price / SF$195.41
Days on Market3
Property Features for 4519 W Center Street #4521
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Restaurant
Commercial Hood
Equipment Included
Additional Details
Condition
Property Use
Building Details
Building Size
Year Built
Listing Agency:
808 Realty LLC
(714) 713-6614
Listed By:
Frederick Kyles · License WI #42545
(414) 839-5203
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 4:25PM
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 808 Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,919-square-foot mixed-use property was built in 1925 and includes restaurant space, an upper commercial area, and a lower-level office. The layout comprises three spaces identified for potential income. Restaurant equipment is included, along with a commercial hood system and safety glass.
Building work includes updated plumbing and wiring, upgraded electrical service and breaker panel, new flooring, furnace, central air, water heater, and drain-tile system. The property is commercially zoned.
Building work includes updated plumbing and wiring, upgraded electrical service and breaker panel, new flooring, furnace, central air, water heater, and drain-tile system. The property is commercially zoned.
Key Highlights
- 1,919‑square‑foot mixed‑use property built in 1925
- Three spaces identified for potential income, including an upper commercial area and lower‑level office
- Restaurant equipment and commercial hood system included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,540
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
$470.8K
Cap Rate 7%
$336,286
$336.3K
Cap Rate 9%
$261,556
$261.6K
Market Conditions
NOI Build-Up for 1,919 SF
Gross rent
$33.4K $17.40/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$31.4K $16.36/SF
− OpEx
−$7.8K −$4.09/SF
NOI
$23.5K $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%
$470,800
Cap Rate 7%
$336,286
Cap Rate 9%
$261,556
Alternative Uses
Best Use
Specialty Retail
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 6.28%
Second Best
Mixed Use
$334.7K
$292.9K – $390.5K
NOI $23,431 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$461.2K
$403.5K – $538.0K
NOI $32,281 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
Explore this area
Business Placement
Demographics for 53210, WI
25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee, WI
Properties on Market for Mixed-use properties in Milwaukee
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant equipment and a range of building-system upgrades are part of the offering.
Where is this mixed-use property located?
The property is located at 4519 W Center Street #4521 Milwaukee, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,919‑square‑foot mixed‑use property built in 1925; Three spaces identified for potential income, including an upper commercial area and lower‑level office; Restaurant equipment and commercial hood system included
