Restaurant Building with Commercial
For Sale
$450,000
8415 BURLEIGH ST, Milwaukee, WI 53222
Storefront includes a clean, fully operational commercial kitchen, plus an upper 3BR/1BA apartment with in-unit washer and dryer.
Property Size4,722 SF
Price / SF$95.30
Days on Market66
Property Features for 8415 BURLEIGH ST
General Information
Standard status
Active
Size
4,722 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,100
Amenities
Central Air
3
mixed comm/res
11 Parking Spaces.
0.0 to .499
Building Details
Year Built
1948
Listing Agency:
Cherry Home Realty, LLC
(414) 334-4623
Listed By:
Rosemary Perez
(414) 334-4623
Source:
Xome
Added: Jun 7
Changed: Aug 8
Last Checked: Aug 11 at 4:38AM
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 Cherry Home Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale restaurant building at 8415 W Burleigh STREET, Milwaukee, WI 53222 includes a main-level storefront with approximately 1,500 square feet and a clean, fully operational commercial kitchen. The kitchen setup was recently inspected by the health department, and the layout is described as suitable for multiple food service concepts.
An upper 3BR/1BA apartment complements the commercial space and features a washer/dryer and newer mechanicals. Ample on-site parking is available for customers and residents, supporting mixed-use flexibility.
The property is presented as a mixed-use investment and business opportunity, with surrounding established businesses in the corridor referenced in the remarks.
An upper 3BR/1BA apartment complements the commercial space and features a washer/dryer and newer mechanicals. Ample on-site parking is available for customers and residents, supporting mixed-use flexibility.
The property is presented as a mixed-use investment and business opportunity, with surrounding established businesses in the corridor referenced in the remarks.
Key Highlights
- Mixed comm/res property with storefront storefront space of approximately 1,500 SF
- Fully operational commercial kitchen with recent health department inspection
- Upper 3BR/1BA apartment with in‑unit washer and dryer
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
$17,195
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
3.82%
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%
$343,900
$343.9K
Cap Rate 7%
$245,643
$245.6K
Cap Rate 9%
$191,056
$191.1K
Market Conditions
NOI Build-Up for 4,722 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
$25.8K $5.47/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$24.6K $5.20/SF
− OpEx
−$7.4K −$1.56/SF
NOI
$17.2K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /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%
$343,900
Cap Rate 7%
$245,643
Cap Rate 9%
$191,056
Alternative Uses
Best Use
Specialty Retail
$827.5K
$724.1K – $965.4K
NOI $57,925 @ 7.0% cap · market cap 12.87%
Second Best
Industrial
$245.6K
$214.9K – $286.6K
NOI $17,195 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.13M
$992.9K – $1.32M
NOI $79,432 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 53222, WI
25,422
Population
11,765
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,708
Density / Sq Mi
$73,523
Median Household Income
$48,029
Median Earnings
$1,026
Median Rent
$202,100
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?
Commercial kitchen - Storefront includes a clean, fully operational commercial kitchen, plus an upper 3BR/1BA apartment with in-unit washer and dryer.
Where is this commercial kitchen located?
The property is located at 8415 BURLEIGH ST Milwaukee, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Mixed comm/res property with storefront storefront space of approximately 1,500 SF; Fully operational commercial kitchen with recent health department inspection; Upper 3BR/1BA apartment with in‑unit washer and dryer
