Technical
Financial
Distress signals
Property profile

605 E Lyon St Milwaukee, WI 53202

FOR SALE
Grocery and convenience stores
Property ID
US92-0576183
58,435 SF 4.15 ac lot Built 1994
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

East Pointe Marketplace, located at 605 E Lyon St in Milwaukee, WI 53202, offers a prime retail opportunity within a vibrant commercial center in Milwaukee County. This multi-tenant property boasts a total of 57,000 square feet, with a currently available space ranging from 2,047 to 2,074 contiguous square feet. The available space totals 4,121 square feet. The property is ideally suited for a variety of retail businesses seeking high visibility and convenient access. Ample street parking is available for customers and employees, ensuring ease of access for patrons. The property's location in Milwaukee provides excellent access to a dense population base and strong consumer traffic. This is an exceptional opportunity to establish or expand a retail presence in a thriving Milwaukee neighborhood. The minimum divisible space is 2,047 square feet, offering flexibility for businesses of varying sizes. The property is classified as retail commercial space and is ready for immediate occupancy. Interested parties should inquire about lease terms and availability. The property is situated in Milwaukee County, Wisconsin.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1994
Total area 58,435 SF
Lot 4.15 ac (180,730 SF)
Zoning code C9C
APN 360-1281-000
UPID US92-0576183

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
  • Check Cashing
  • Electronics Vending Machine
  • Electronics Vending Machine
  • Atm Currency Exchange Service
  • Grocery & Convenience Store Food Market

Location

605 E Lyon St Milwaukee, WI 53202
Milwaukee metro Census 11300 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$11.39M
CAP Approach CAP
$9.43M
Comparable Approach Comparable
$11.57M
Blend (final) Blend
$15.52M

Owner & transaction history

since 2021
Last sale
$18.4M
3 recorded transactions
2021
$18.4M
2012
$15.4M
1969
Price N/A

Zoning & alternative use

C9C · Milwaukee, WI
Zoning description

aa-2. If the tower is located in a C9A, C9B, C9C, C9D, C9F or C9G district, the tower shall not exceed 150 feet in height or the tower shall be accessory to an elementary or secondary school and be set back from all prop…

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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