1617-1619 1St St Milwaukee, WI 53204
- Retail properties
- 4,128 SF
Current Use by Public Records
- Retail properties
Property Details for 1617-1619 1St St
- Year built
- 1890
- Property size
- 4,128 SF
- Property type
- Retail properties
Description
This exceptional Milwaukee retail property, located at 1617-1619 S 1st St, presents a unique investment opportunity. The 4,128 square foot building, constructed in 1890, boasts a rich history and prime location in the Clock Tower Acres neighborhood, just south of Walker's Point. Currently configured as a mixed-use property, the first floor houses a bar, available for a sale-leaseback arrangement with the current operator. The second floor comprises a ten-bedroom rooming house, generating consistent rental income at $120 per week per room. This translates to a substantial monthly cash flow stream. The property benefits from high daily traffic volume, with a reported 14,200 vehicles passing by daily, according to WisDOT data. This presents a compelling opportunity for both owner-operators seeking to establish a business in a vibrant area and net lease investors looking for a stable, income-producing asset. The building's historic character and strong cash flow potential make it an attractive investment in a rapidly developing Milwaukee neighborhood. The asking price is $800,000. This is a rare chance to acquire a well-positioned property with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9115
- Latitude
- 43.0138