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Property profile

1428 N Farwell Ave Milwaukee, WI 53202

FOR SALE
Office buildings
Property ID
US92-0936576
10,504 SF 0.14 ac lot Built 1914
Entity Owned 1-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 10,504 SF
1428 N Farwell Ave, Milwaukee, WI 53202
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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

Current use

Occupant on record · Public records
  • Family Planning Center Women'S Health Clinic
  • Physician
  • Family Planning Center
  • Alternative Medicine Practice
  • Physician

Location

1428 N Farwell Ave Milwaukee, WI 53202
Milwaukee metro Census 187000 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$647k
Blend (final) Blend
$1.03M

Owner & transaction history

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
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning dist…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.4M +40.5%
Restaurant $1.3M +36.9%
Auto repair, garage $1.3M +28.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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