Property profile

3000 13th St Milwaukee, WI 53215

OFF-MARKET
Bars & Pubs
Property ID
US92-0115791
9,764 SF 0.13 ac lot Built 1895
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1895
Total area 9,764 SF
Lot 0.13 ac (5,490 SF)
Zoning code LB2
APN 507-1233-000
UPID US92-0115791

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3000 13th St Milwaukee, WI 53215-3873
Milwaukee metro Census 20400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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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
$265k

Owner & transaction history

since 2015
3 recorded transactions
2015
$150,000
2009
Price N/A
2008
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

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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