Property summary
This exceptional value-add opportunity presents a three-unit mixed-use storefront at 3000 South 13th Street in Milwaukee, Wisconsin. The property boasts a substantial 8,800 square feet of net rentable space, spread across three stories within a single, 1895-built building. Currently generating a net operating income (NOI) of $35,000, this property offers significant upside potential for investors. Located on a 0.13-acre lot (APN 507-1233-000), the building is classified as Class B and benefits from LB40 permitted zoning. The property's prime location along a main street corridor provides excellent visibility and accessibility for tenants. The flexible layout allows for diverse tenant occupancy strategies, making it an ideal investment for those seeking a hands-on approach to property management and enhancement. The asking price is $1,000,000, representing a compelling entry point into the Milwaukee commercial real estate market. This unique opportunity is perfect for an investor looking to add value and increase profitability through strategic renovations and tenant improvements. The property's historical character combined with its modern potential makes it a truly remarkable investment prospect.
Property profile
VerifiedCap rate & NOI
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
Similar Nearby for Sale
Similar Nearby for Lease
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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