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Property profile & analytics
OFF-MARKET Estimated value $985,000
Office buildings

1428 Farwell Ave Milwaukee, WI 53202-2968

10,504 SF 0.14 ac lot Built 1914
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-0936576
Property summary
AI-generated overview

This exceptional 10,504-square-foot retail storefront, located at 1428 N Farwell Ave in Milwaukee, Wisconsin, presents a unique investment opportunity. Built in 1914 and renovated in 2020, this two-story building sits on a 0.14-acre lot (APN 3590196000) and boasts a rich history. Currently configured as three separate spaces with individual entrances, the property previously served as a medical facility, with much of the original infrastructure still in place. Two additional units are suitable for office use. The building's original character and architecture, including its origins as a turn-of-the-century auditorium, have been meticulously preserved. Zoned LB2, this property offers immense potential for a variety of uses. Its prime location in Milwaukee's desirable Farwell corridor is further enhanced by its proximity to one of the few gas stations on the east side. The asking price is $1,000,000, translating to $95.20 per square foot. This is a rare chance to acquire a landmark property in a thriving area. The building consists of one structure with two units.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1914
Total area 10,504 SF
Lot 0.14 ac (6,262 SF)
Zoning code LB2
APN 359-0196-000
UPID US92-0936576
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Affiliated Medical Services Family Planning Center Women'S Health Clinic
  • Joanne Kennedy Coffman Physician
  • Smith Bernard MD Family Planning Center
  • Mary Simon Alternative Medicine Practice
  • Dr. Stewart M. Kernes, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$647k
Blend (final) Blend
$985k
Owner & transaction history
1428 Farwell Holdings LLC · 1 yrs held
1428 Farwell Holdings LLC
since 2025
Last sale
$950,000
3 recorded transactions
2025
$950,000
2016
$736,600
2009
Price N/A
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.4M +40.5%
Restaurant $1.3M +36.9%
Auto repair, garage $1.3M +28.4%
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