Current Use by Public Records
- Retail properties & Spaces
Property Details for 2907-2911 Oakland Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional Milwaukee restaurant property, located at 2907-2911 N Oakland Ave, presents a lucrative investment opportunity. The 6,501 square foot building sits on a parcel with APN 3150307110 and is zoned LB2. The property boasts a substantial 2,956 square feet of net rentable space, currently occupied by an existing tenant, Cheba Hut, under a lease expiring March 31, 2026, with options for lease renewal. The lease includes provisions for three to five-year extensions upon providing one year's notice. A significant advantage is the availability of 19 onsite parking spaces, a rare find in this location. The property's strategic location near the University of Wisconsin-Milwaukee (UWM) and Riverside High School ensures high visibility and foot traffic. The asking price for this well-positioned restaurant property is $1,600,000. This presents a unique chance to acquire a thriving business in a desirable Milwaukee neighborhood with strong potential for future growth and returns. The property's size, parking, and location combine to create a compelling investment opportunity in a vibrant and growing area. The existing tenant provides immediate cash flow, while the lease terms offer flexibility for future development or management.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.8883
- Latitude
- 43.0713
