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Property profile & analytics
OFF-MARKET
Bars & Pubs

1932 1934th W Capitol Dr Milwaukee, WI 53206

2,888 SF 0.08 ac lot Built 1922
Individually Owned 20-yr Hold Free & Clear
Property ID
US92-3390548
Property summary
AI-generated overview

This exceptional mixed-use property at 1932 W Capitol DRIVE Unit 1934, Milwaukee, WI, presents a compelling investment opportunity. Spanning 2,888 square feet on a 0.83-acre lot, the property boasts a highly visible ground-floor bar situated in a high-traffic area, ensuring consistent foot traffic and strong potential for entertainment-based businesses. The bar area presents a chance for revitalization and increased profitability. Upstairs, a three-bedroom residential unit offers additional income potential through rental or provides convenient onsite living accommodations. Adding to the property's income streams is a billboard situated on the building's exterior, generating passive revenue. The property is priced at $124,900, reflecting a motivated seller eager to finalize a transaction. This versatile property is ideal for investors seeking to diversify their portfolio or business owners looking to expand their operations. The combination of commercial and residential space, coupled with the billboard income, makes this a unique and attractive investment prospect in a prime Milwaukee location. The property's high visibility and established location contribute to its significant potential for growth and return on investment.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1922
Total area 2,888 SF
Lot 0.08 ac (3,600 SF)
Zoning code LB2
APN 244-0491-000
UPID US92-3390548
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
  • Hair Design By Elvera Hair Salon Nail Salon
  • Body & Being Massage LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Banks,james · 20 yrs held
Banks,james
since 2006
2 recorded transactions
2006
$120,000
2006
$99,000
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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