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    820 E Locust St, Unit 832 Milwaukee, WI 53212

    For Sale
    $549,900

    Mixed-use property with commercial and residential units in high-demand area.

    Lot size:
    0.17 Acres

    Property Features for 820 E Locust St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1897

    Source: Keller Williams - MKE Agent Joe Eldredge

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverwest Mixed-Use Investment Opportunity

    This mixed-use property in Riverwest offers an investment opportunity with a total of 8 units. The property includes 5 commercial spaces on the first floor and 3 residential units above. Two of the residential units have been renovated, and there is potential to add 1 to 2 units in the unfinished third floor. The location is approximately 1 mile from I-43 access at W Locust Street, providing visibility and accessibility. The property is situated in Milwaukee, offering proximity to downtown amenities, public transportation, and major thoroughfares. This property is suited for investors seeking value-add opportunities.
    Location Intelligence

    Current Use by Public Records

    Rockhaus Guitars & Drums Drum Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9006982
    Latitude
    43.071277

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential units in high-demand area.
    Where is this mixed-use property located?
    The property is located at 820 E Locust St, Unit 832 Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Mixed-use property with 5 commercial spaces and 3 residential units.; - Value-add opportunity to add 1-2 units on the unfinished 3rd floor.; - **Prime Riverwest location with high visibility and accessibility.**
    (262) 443-8839
    Request Owner's contact information
    820 E Locust St, Unit 832 Milwaukee, WI 53212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    820 E Locust St, Unit 832 Milwaukee, WI 53212
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