Property summary
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
VerifiedCap rate & NOI
Current use
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Family Planning Center Women'S Health Clinic
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Physician
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Family Planning Center
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Alternative Medicine Practice
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LB2 · Milwaukee, WIRT4, 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
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