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    2850-2862 Oakland Ave Milwaukee, WI 53211

    Sponsored
    For Lease
    $16 SF/Yr ($9,866 /Mo)

    7,400 SF Retail Space For Lease

    Lot size:
    7,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,400 square foot retail property, located at 2850-2862 N Oakland Ave in Milwaukee, Wisconsin, presents a unique investment opportunity. Built in 1910, the building is zoned LB2 and offers a flexible space ideal for multiple tenants. Currently, the entire 7,400 square feet is available for lease, providing a blank canvas for a variety of commercial ventures. The property's prime location in Milwaukee County, zip code 53211, ensures high visibility and accessibility. Its classification as both retail and restaurant-suitable makes it adaptable to a wide range of businesses. The building's substantial size allows for creative layouts and ample space for inventory, operations, and customer areas. This is a rare chance to secure a significant footprint in a desirable Milwaukee neighborhood. The property's historical character offers a unique aesthetic appeal, while its ample square footage provides the practicality needed for a thriving business. Interested parties are encouraged to explore the possibilities this versatile space offers. The property is situated at 43.0707049 latitude and -87.887552 longitude. This is a multiple tenancy property.

    Property Features for 2850-2862 Oakland Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,400 SF
    Total Rate
    9866.67

    Building Details

    Year Built
    1910

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,400 SF
    Rate per SF
    $18

    HighLights

    • 7,400 SF retail building available for lease at 2850‑2862 N Oakland Ave, Milwaukee, WI 53211.
    • Turnkey restaurant space with 20‑ft hood, walk‑in coolers and freezers, 20 taplines, new HVAC, and a party room with fireplace.
    • Located blocks from UW‑Milwaukee campus (27,156 students), in a dense, walkable neighborhood.
    • Four apartments located above the retail space.
    • Strong surrounding retail presence including Oakland Gyros, Subway, Cheba Hut, Cousins Subs, Buffalo Wild Wings Go, and Walgreens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.887552
    Latitude
    43.0707049

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    FAQs

    What type of property is this?
    Restaurant - 7,400 SF Retail Space For Lease
    Where is this restaurant located?
    The property is located at 2850-2862 Oakland Ave Milwaukee, WI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 7,400 SF retail building available for lease at 2850-2862 N Oakland Ave, Milwaukee, WI 53211.; Turnkey restaurant space with 20-ft hood, walk-in coolers and freezers, 20 taplines, new HVAC, and a party room with fireplace.; Located blocks from UW-Milwaukee campus (27,156 students), in a dense, walkable neighborhood.
    Request Owner's contact information
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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
    2850-2862 Oakland Ave Milwaukee, WI 53211
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