Strip Mall with New
New
For Sale
$7,900,000
5655-5679 S 27th St, Milwaukee, WI 53221
Established retail center with recent roof and parking lot improvements, plus two newly executed long-term leases.
Property Size93,056 SF
Price / SF$84.90
Days on Market5
Property Features for 5655-5679 S 27th St
General Information
Standard status
Active
Size
93,056 SF
Property subtype
Shopping Strip
Additional Details
Cap Rate
8.32%
Amenities
+/- 93,056 Square Feet on Six Acres
100% Occupied by Six Tenants on a Mix of Net and Gross Leases
Recent CapEx: Roof Replaced in Fall 2025 with 15 Year Warranty and Parking Lot Sealed and Striped in Spring 2025
Anchored by Ollie's Bargain Outlet (31.5%) with New Eight-Year Lease
Potential to Develop an Outlot up to 2,000 SF in the SE Corner of the Parking Lot
Dense Demographics - Over 280,000 Residents Within Five Miles with Average Household Income of $92,132
Building Details
Building Size
93,056 SF
Year Built
1958
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Milwaukee
(262) 364-1924
Listed By:
Jeff Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source:
Marcusmillichap
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 17 at 3:37AM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
This strip mall contains 93,056 square feet and dates to 1958. The property includes two recently established long-term leases with Ollie’s Bargain Outlet and Palm Halal Market; together, those occupants represent 58.37% of the center’s square footage.
Building improvements include a new TPO roof installed last fall with a 15-year warranty. The parking area was also sealed and striped in spring 2025. The center is located at 5655–5679 S 27th St in Milwaukee, Wisconsin.
Building improvements include a new TPO roof installed last fall with a 15-year warranty. The parking area was also sealed and striped in spring 2025. The center is located at 5655–5679 S 27th St in Milwaukee, Wisconsin.
Key Highlights
- 93,056‑square‑foot strip mall constructed in 1958
- Ollie’s Bargain Outlet and Palm Halal Market occupy space under two new long‑term leases
- Two leases collectively account for 58.37% of the property’s square footage
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
280
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
Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Established retail center with recent roof and parking lot improvements, plus two newly executed long-term leases.
Where is this strip mall located?
The property is located at 5655-5679 S 27th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 93,056‑square‑foot strip mall constructed in 1958; Ollie’s Bargain Outlet and Palm Halal Market occupy space under two new long‑term leases; Two leases collectively account for 58.37% of the property’s square footage
