703 Layton Ave Milwaukee, WI 53221-2424
This Milwaukee retail property at 703 W Layton Ave offers a unique investment opportunity. The 2,513 square foot building, constructed in 1929, is zoned LB1 and sits on a 0.13-acre lot (APN: 6250023110). The asking price is $499,000. The property includes a turnkey business opportunity, as it's a former tavern with all fixtures, furniture, and equipment (FF&E) included. Adding to its appeal is a 2-bedroom, 1-bathroom apartment located above the retail space, ideal for owner occupancy or to generate rental income and offset mortgage payments. A garage is also included on the property. The location benefits from high traffic volume, with approximately 20,900 vehicles passing daily on W Layton Ave. Its proximity to major transportation arteries is another key advantage, being approximately 1.5 miles from Milwaukee Mitchell International Airport and about 1 mile from I-94 and I-41. This presents a compelling combination of commercial and residential potential in a high-traffic area. This is a rare opportunity to acquire a well-located, established business with significant upside potential.
-
ATM Atm
-
Club 703 Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LB1 · Milwaukee, WIMilwaukee. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.