Brick Tavern Building with
For Sale
$575,000
5430 W Burnham St, Milwaukee, WI 53219
Brick tavern building with bar space and multiple residential units, plus a full basement with walk-in cooler.
Property Size5,284 SF
Price / SF$108.82
Days on Market11
Property Features for 5430 W Burnham St
General Information
Standard status
Active
Size
5,284 SF
Total Parking Spaces
3
Additional Details
Business Included
Yes
Amenities
walk-in cooler
laundry room
ample storage
replacement windows
updated electrical service
Building Details
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Shorewest Realtors, Inc.
(414) 940-9439
Listed By:
Alan Alteri
(414) 940-9439
Source:
Exprealty
Added: Jul 20
Changed: Jul 30
Last Checked: Jul 30 at 5:13AM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
Brick tavern building offering 5,284 SF of versatile space with a strong mix of commercial and residential components. The first floor includes a well-established bar along with a 3-bedroom apartment. The second floor features a 2-bedroom unit and two 1-bedroom apartments.
Operationally, the property includes a full basement with a walk-in cooler, a laundry room, and ample storage. There is also a 3-car garage. The building has replacement windows, updated electrical service, and a roof.
Tenancy includes a portion under fixed terms and the balance month-to-month, with three tenants on a 1-year lease and two tenants on MTM.
Operationally, the property includes a full basement with a walk-in cooler, a laundry room, and ample storage. There is also a 3-car garage. The building has replacement windows, updated electrical service, and a roof.
Tenancy includes a portion under fixed terms and the balance month-to-month, with three tenants on a 1-year lease and two tenants on MTM.
Key Highlights
- 5,284 SF brick tavern building with bar plus multiple apartments
- First floor: bar plus a 3‑bedroom apartment
- Second floor: 2‑bedroom unit and two 1‑bedroom apartments
Financial Insights For Apartment 5plus
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 | $90.0k | $17.04 |
| − Vacancy | −$3.8k | −$0.72 |
| EGI | $86.3k | $16.32 |
| − OpEx | −$38.8k | −$7.35 |
| NOI | $47.4k | $8.98 |
5,284 SF · lease $17.04/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$926.0K
$810.2K – $1.08M
NOI $64,819 @ 7.0% cap · market cap 11.27%
Second Best
Multifamily LT 5
$756.9K
$662.3K – $883.1K
NOI $52,985 @ 7.0% cap · market cap 9.21%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,885 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- LA pub &Grill — 5832 W Lincoln Ave, West Allis, WI 53219
- Manny's bourbon grill and pub — 6300 W Lincoln Ave, West Allis, WI 53219
- JD'S PUB & GRILL — 6300 W Lincoln Ave, Milwaukee, WI 53219
- Hanke's — 6101 W Lincoln Ave, Milwaukee, WI 53219
- Alibi Tavern LLC — 6540 W Grant St, Milwaukee, WI 53219
Frequently Asked Questions
What type of property is this?
Bar & Pub - Brick tavern building with bar space and multiple residential units, plus a full basement with walk-in cooler.
Where is this bar & pub located?
The property is located at 5430 W Burnham St Milwaukee, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 5,284 SF brick tavern building with bar plus multiple apartments; First floor: bar plus a 3‑bedroom apartment; Second floor: 2‑bedroom unit and two 1‑bedroom apartments
