Brick Retail Building with
620 W Historic Mitchell STREET Milwaukee, WI 53204
620 W Historic Mitchell STREET, Milwaukee, WI, 53204
$229,000
For Sale
$229,000
Well-maintained brick storefront with large display windows, secured entrance, and a full basement for storage and work.
Property Size1,470 SF
Price / SF$155.78
Days on Market362
Property Features for 620 W Historic Mitchell STREET
General Information
- Standard status
- Active
- Size
- 1,470 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1932
Listing agency
RE/MAX Service First
(262) 287-9900
Listed by
Segal Goldman Realty Group* · License #7654594
Source
Xome
Added: Jul 26, 2025 Updated: Jul 21 at 12:31PM Checked: Jul 21 at 12:31PM
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 RE/MAX Service First
Investment Insights
Based on property information with market context.
Well-maintained brick retail building for sale featuring large display windows and a secured entrance. The interior includes three bathrooms and a full basement that provides additional storage and work space. The property includes a new rubber roof (installed in 2004) and the sale includes all display cases and fixtures.
Located at a busy commercial intersection of 6th & Mitchell, the area serves an estimated 14,600 vehicles per day. The building offers three dedicated rear parking spaces, plus ample street parking. It is about three blocks from I-94 and roughly five minutes from Downtown. The 2025 tax bill of $2,079 includes $400 for the Historic Mitchell Street Business Improvement District.
Located at a busy commercial intersection of 6th & Mitchell, the area serves an estimated 14,600 vehicles per day. The building offers three dedicated rear parking spaces, plus ample street parking. It is about three blocks from I-94 and roughly five minutes from Downtown. The 2025 tax bill of $2,079 includes $400 for the Historic Mitchell Street Business Improvement District.
Key Highlights
- 1,470 SF (approx. 25' x 60') well‑maintained brick retail building with large display windows and a secured entrance
- Full basement adds extra storage and work space
- Rubber roof newly installed in 2004
Local Financial Insights For Retail
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 | $23.8k | $16.20 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $22.0k | $14.99 |
| − OpEx | −$6.6k | −$4.50 |
| NOI | $15.4k | $10.49 |
1,470 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$220.3K
$192.8K – $257.0K
NOI $15,420 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.3K
$309.1K – $412.1K
NOI $24,728 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dutti Fashion Clothing ...
Clothing Store
Similar For Sale Nearby
Similar Off Market Nearby
- Duffodils Florist — 804 s 2nd st, milwaukee, wi 53204
- Violets MKE — 900 S 5th St Suite 401, Milwaukee, WI 53204
- Vida Flowers and Gifts — 2179 S 6th St, Milwaukee, WI 53215
- Variedades — 1219 W Historic Mitchell St, Milwaukee, WI 53204
FAQs
What type of property is this?
Storefront property - Well-maintained brick storefront with large display windows, secured entrance, and a full basement for storage and work.
Where is this storefront property located?
The property is located at 620 W Historic Mitchell STREET Milwaukee, WI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,470 SF (approx. 25' x 60') well‑maintained brick retail building with large display windows and a secured entrance; Full basement adds extra storage and work space; Rubber roof newly installed in 2004
