1617-1619 1St St Milwaukee, WI 53204

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.