124 Chicago Ave South Milwaukee, WI 53172-1239
This exceptional retail property, a former Pizza Hut restaurant located at 124 N Chicago Ave, South Milwaukee, WI 53172, is available for $500,000. The property boasts a convenient location with full access from Highway 32 (Chicago Ave) and Carroll Ave, offering excellent visibility and accessibility. Situated across from a Walmart, this site benefits from significant foot and vehicle traffic. The building features ample parking with 40 stalls available for patrons. The property's previous tenant was a single-tenant Pizza Hut, with the lease expiring in August 2022. This presents a unique opportunity for redevelopment or repurposing. The property's 2021 tax assessment was $10,977. This is a prime opportunity to acquire a well-situated retail space in a thriving area of South Milwaukee, within Milwaukee County, Wisconsin. The property's address is easily accessible via major roadways, ensuring high visibility and convenient access for customers. The substantial parking area further enhances the property's appeal to potential tenants or owners. This location offers significant potential for a variety of retail uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.