Retail Storefront with Kitchen
For Sale
Contact for pricing
730 N Milwaukee St, Milwaukee, WI 53202
Retail storefront featuring existing kitchen infrastructure and ample frontage in a prominent entertainment and hospitality district.
Property Size6,728 SF
Price / SF$199.91
Days on Market184
Property Features for 730 N Milwaukee St
General Information
Standard status
Active
Size
6,728 SF
Property subtype
RETAIL
Listing Agency:
Founders 3 Real Estate Services-Retail
(414) 271-1111
Listed By:
Conor Farrell · License #8960894
(414) 238-7656
Source:
Moodyscre
Added: Mar 9
Changed: Jul 21
Last Checked: Jul 21 at 7:10PM
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 Founders 3 Real Estate Services-Retail
Investment Insights
Based on property information with market context.
This retail storefront includes existing kitchen infrastructure, making it well-suited for foodservice-related retail concepts. The property also features ample frontage for visibility and customer approach.
Located at 730 N Milwaukee St in Milwaukee’s entertainment and hospitality district, the site is positioned for high-profile presence within a concentrated mix of dining and guest-focused activity.
As described, the key improvements and configuration center on the available kitchen infrastructure and a frontage-forward retail layout designed to support walk-up access.
Located at 730 N Milwaukee St in Milwaukee’s entertainment and hospitality district, the site is positioned for high-profile presence within a concentrated mix of dining and guest-focused activity.
As described, the key improvements and configuration center on the available kitchen infrastructure and a frontage-forward retail layout designed to support walk-up access.
Key Highlights
- Retail storefront with existing kitchen infrastructure
- Ample frontage
- Located in a prominent entertainment/hospitality district
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,411,460
$1.4M
Cap Rate 7%
$1,008,186
$1.0M
Cap Rate 9%
$784,144
$784.1K
Market Conditions
NOI Build-Up for 6,728 SF
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.
Gross rent
$109.0K $16.20/SF
− Vacancy
−$8.2K −$1.22/SF
EGI
$100.8K $14.99/SF
− OpEx
−$30.2K −$4.50/SF
NOI
$70.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,411,460
Cap Rate 7%
$1,008,186
Cap Rate 9%
$784,144
Alternative Uses
Best Use
Retail
$1.01M
$882.2K – $1.18M
NOI $70,573 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,176 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 53202, WI
27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
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?
Retail space - Retail storefront featuring existing kitchen infrastructure and ample frontage in a prominent entertainment and hospitality district.
Where is this retail space located?
The property is located at 730 N Milwaukee St Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,345,000.
What are key features of this property?
This property features: Retail storefront with existing kitchen infrastructure; Ample frontage; Located in a prominent entertainment/hospitality district
