725-729 N Milwaukee St, Milwaukee, WI
Turn-key restaurant with upper level office/retail space.
- Added:
- Nov 11, 2025
- Days on Market:
- 211
- Last Refresh:
- May 20 at 9:44 pm
Property Features for 725-729 N Milwaukee St
General Information
- Standard status
- Active
- Size
- 20,605 SF
- Lot size
- 0.17 Acres
- Property subtype
- RETAIL
Listing agent Russell Sagmoen License #8975294 (414) 278-6810
Listing office Colliers - Milwaukee (414) 278-6810
Listing date Nov 11, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Milwaukee
HighLights
- Prime downtown Milwaukee location, one block from the historic Pfister hotel.
- Turn‑key renovated restaurant space.
- Current bar/nightclub tenant ($120K/yr).
- Rare parking opportunity in rear (4‑5 cars).
- Potential for upper level residential conversion.
- New EPDM roof installed in 2021.
Overview
Local Financial Insights For Specialty 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 | $358.5k | $17.40 |
| − Vacancy | −$21.5k | −$1.04 |
| EGI | $337.0k | $16.36 |
| − OpEx | −$84.3k | −$4.09 |
| NOI | $252.8k | $12.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.907
- Latitude
- 43.0395
