Mixed-Use Property with
For Sale
$785,000
5444 S 27th St, Milwaukee, WI 53221
Existing bar operations are paired with attached residential quarters, a full basement, parking, and a detached garage.
Property Size3,661 SF
Lot Size0.60 Acres
Price / SF$214.42
Days on Market50
Property Features for 5444 S 27th St
General Information
Standard status
Active
Size
3,661 SF
Lot size
0.60 Acres
Site & Location
Neighborhood
Clayton Crest
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1941
Listing Agency:
1st Choice Properties Realty LLC
Listed By:
Chad Schmidt · License #5864490
(262) 492-4744
Source:
Jwregwi
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 5:21PM
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 1st Choice Properties Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines an operating bar and tavern with attached residential accommodations. The residence includes 7 bedrooms, 2.5 bathrooms, and a full basement, creating a substantial residential component within the property. A 2.5-car garage, on-site parking, and green space are also included.
The property occupies a 0.60-acre parcel at 5444 S 27th St in Milwaukee, Wisconsin. Built in 1941, it offers a combination of commercial and residential improvements in one property. The existing tavern operation is identified as Nicky K's Bar & Tavern.
The property occupies a 0.60-acre parcel at 5444 S 27th St in Milwaukee, Wisconsin. Built in 1941, it offers a combination of commercial and residential improvements in one property. The existing tavern operation is identified as Nicky K's Bar & Tavern.
Key Highlights
- 0.60‑acre mixed‑use property at 5444 S 27th St, Milwaukee, WI 53221
- Operating Nicky K's Bar & Tavern
- Attached residential quarters with 7 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,288
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,760
$1.0M
Cap Rate 7%
$718,400
$718.4K
Cap Rate 9%
$558,756
$558.8K
Market Conditions
NOI Build-Up for 3,661 SF
Gross rent
$72.5K $19.80/SF
− Vacancy
−$5.4K −$1.49/SF
EGI
$67.1K $18.32/SF
− OpEx
−$16.8K −$4.58/SF
NOI
$50.3K $13.74/SF
Area
ZIP 53221
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,760
Cap Rate 7%
$718,400
Cap Rate 9%
$558,756
Alternative Uses
Best Use
Specialty Retail
$718.4K
$628.6K – $838.1K
NOI $50,288 @ 7.0% cap · market cap 6.41%
Second Best
Mixed Use
$624.7K
$546.6K – $728.8K
NOI $43,726 @ 7.0% cap · market cap 5.57%
Theoretical Best
Warehouse
$2.78M
$2.43M – $3.24M
NOI $194,253 @ 7.0% cap · market cap 24.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 53221, WI
39,560
Population
17,126
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
4,396
Density / Sq Mi
$61,640
Median Household Income
$41,430
Median Earnings
$1,071
Median Rent
$205,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing bar operations are paired with attached residential quarters, a full basement, parking, and a detached garage.
Where is this mixed-use property located?
The property is located at 5444 S 27th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 0.60‑acre mixed‑use property at 5444 S 27th St, Milwaukee, WI 53221; Operating Nicky K's Bar & Tavern; Attached residential quarters with 7 bedrooms and 2.5 bathrooms
