2551-2597 Downer Ave Milwaukee, WI 53211
This exceptional retail opportunity is located at 2551-2597 & 2608-2650 N. Downer Avenue in Milwaukee, Wisconsin, 53211. The property, known as Downer Avenue Shoppes, is a multi-tenant retail building totaling 63,042 square feet. Currently, there is 2,021 square feet of vacant, street-front retail space immediately available. This prime location boasts exceptional visibility and accessibility, situated in Milwaukee County on a busy thoroughfare. The property benefits from a strong tenant mix, including established businesses such as Starbucks, Optix Salon Nova & Lash, Landmark Theatre, Pizza Man, Cafe Hollander, Breadsmith, Robert Laurence Salon, Rohr Jewelers, and Stone Creek Coffee. Nearby, you'll find complementary businesses like CVS, Athletico, Bel Air, True Value, and Sendik's, further enhancing the area's retail appeal. The location's proximity to the University of Wisconsin-Milwaukee (24,725 students and 1,638 employees), Ascension Columbia St. Mary's Hospital (432 beds), and the Milwaukee lakefront provides a substantial and diverse customer base. This presents a unique opportunity for a business seeking high visibility and a thriving commercial environment. The space is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.