Two-Story Restaurant
For Sale
Contact for pricing
715 S 5th St, Milwaukee, WI 53204
Commercial space for a bar or restaurant concept in Milwaukee’s Walker’s Point entertainment district.
Property Size6,111 SF
Price / SF$1.31
Days on Market47
Property Features for 715 S 5th St
General Information
Standard status
Active
Size
6,111 SF
Building Details
Year Built
1900
Stories
2
Listing Agency:
Keller Williams Milwaukee North Shore
Listed By:
John Molitor · License #73728
(414) 962-3605
Source:
Jwregwi
Added: Sep 4
Changed: Oct 12
Last Checked: Oct 7 at 5:31PM
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 Keller Williams Milwaukee North Shore
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Investment Insights
Based on property information with market context.
This two-story restaurant property contains 6,111 square feet of commercial space and dates to 1900. The layout is positioned for a bar or restaurant concept, with capacity for substantial seating and a configuration suited to hospitality operations.
The property is located at 715 S 5th St in Milwaukee’s Walker’s Point area, near Zocalo Food Park and the neighborhood’s entertainment activity. Parking options are available separately, and the property is offered with an NNN lease structure.
The property is located at 715 S 5th St in Milwaukee’s Walker’s Point area, near Zocalo Food Park and the neighborhood’s entertainment activity. Parking options are available separately, and the property is offered with an NNN lease structure.
Key Highlights
- 6,111 SF of commercial space across 2 stories
- Restaurant property suited to bar or dining concepts
- Located at 715 S 5th St in Milwaukee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,101
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,020
$1.3M
Cap Rate 7%
$915,729
$915.7K
Cap Rate 9%
$712,233
$712.2K
Market Conditions
NOI Build-Up for 6,111 SF
Gross rent
$99.0K $16.20/SF
− Vacancy
−$7.4K −$1.22/SF
EGI
$91.6K $14.99/SF
− OpEx
−$27.5K −$4.50/SF
NOI
$64.1K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,020
Cap Rate 7%
$915,729
Cap Rate 9%
$712,233
Alternative Uses
Best Use
Specialty Retail
$1.07M
$937.1K – $1.25M
NOI $74,964 @ 7.0% cap · market cap 937.05%
Second Best
Retail
$915.7K
$801.3K – $1.07M
NOI $64,101 @ 7.0% cap · market cap 801.26%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,797 @ 7.0% cap · market cap 1,284.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,807
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
Check the figures for this property
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 - Commercial space for a bar or restaurant concept in Milwaukee’s Walker’s Point entertainment district.
Where is this conventional restaurant located?
The property is located at 715 S 5th St Milwaukee, WI.
What are key features of this property?
This property features: 6,111 SF of commercial space across 2 stories; Restaurant property suited to bar or dining concepts; Located at 715 S 5th St in Milwaukee
