Two-Level Restaurant with Commercial
For Sale
Contact for pricing
704 S 2nd Street, Milwaukee, WI 53204
The layout includes dining areas and a bar on each floor, supported by a commercial kitchen.
Property Size1,996 SF
Price / SF$2.40
Days on Market23
Property Features for 704 S 2nd Street
General Information
Standard status
Active
Size
1,996 SF
Site & Location
Neighborhood
Walkers Point
Taxes and HOA fees
Annual Taxes
$5,519
Listing Agency:
Compass RE WI-Northshore
Listed By:
The Collaboration Group*
(414) 232-7276
Source:
Exprealty
Added: Oct 3
Changed: Oct 25
Last Checked: Oct 25 at 2:39AM
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 Compass RE WI-Northshore
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Investment Insights
Based on property information with market context.
This restaurant property contains approximately 1,996 square feet across two levels. Its existing configuration includes dining areas on both floors, two bars, and a commercial kitchen, providing a foundation for restaurant operations.
The property is at 704 S 2nd Street in Milwaukee’s Walker’s Point area. Nearby restaurants named in the property information include Steny’s, Vendetta, and Fixture Pizza.
The property is at 704 S 2nd Street in Milwaukee’s Walker’s Point area. Nearby restaurants named in the property information include Steny’s, Vendetta, and Fixture Pizza.
Key Highlights
- Approximately 1,996 square feet across two levels
- Commercial kitchen, two bars, and dining areas on both floors
- Located near Steny’s, Vendetta, and Fixture Pizza in Walker’s Point
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,485
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,700
$489.7K
Cap Rate 7%
$349,786
$349.8K
Cap Rate 9%
$272,056
$272.1K
Market Conditions
NOI Build-Up for 1,996 SF
Gross rent
$34.7K $17.40/SF
− Vacancy
−$2.1K −$1.04/SF
EGI
$32.6K $16.36/SF
− OpEx
−$8.2K −$4.09/SF
NOI
$24.5K $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%
$489,700
Cap Rate 7%
$349,786
Cap Rate 9%
$272,056
Alternative Uses
Best Use
Specialty Retail
$349.8K
$306.1K – $408.1K
NOI $24,485 @ 7.0% cap · market cap 510.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.7K
$419.7K – $559.6K
NOI $33,576 @ 7.0% cap · market cap 699.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,826
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
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?
Conventional restaurant - The layout includes dining areas and a bar on each floor, supported by a commercial kitchen.
Where is this conventional restaurant located?
The property is located at 704 S 2nd Street Milwaukee, WI.
What are key features of this property?
This property features: Approximately 1,996 square feet across two levels; Commercial kitchen, two bars, and dining areas on both floors; Located near Steny’s, Vendetta, and Fixture Pizza in Walker’s Point
