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729 731st W Historic Mitchell St Milwaukee, WI 53204

OFF-MARKET Investment properties Google Maps
6,464 SF 0.08 ac lot Built 1890
Entity Owned Free & Clear
Estimated value (blended)
$140k
Range $126k – $154k (±10%)
Property ID US92-0687710

Property summary

AI-generated overview

This exceptional 3,232 square foot retail space, located at 729 W Historic Mitchell St in Milwaukee, Wisconsin, presents a unique investment opportunity. Built in 1890, the property boasts a rich history and is zoned for commercial use within Milwaukee County. The single-tenant building is currently vacant, offering immediate occupancy for a discerning buyer. Ideal for a cafe or storefront operation, the space provides ample room for a variety of businesses. The property's prime location on Historic Mitchell Street offers high visibility and accessibility, ensuring significant foot traffic and potential customer reach. The building's substantial size allows for creative layout options to suit diverse business needs. With its blend of historical charm and modern commercial viability, this property represents a rare chance to establish a thriving business in a vibrant Milwaukee neighborhood. The 53204 zip code offers convenient access to major transportation routes and a diverse customer base. This is a single-tenant building, offering a streamlined and efficient operational structure. The property's size and location make it an attractive proposition for a variety of retail or restaurant concepts. The building's age adds character and potential for unique branding opportunities. Serious inquiries are encouraged to explore this exciting opportunity.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1890
Total area 6,464 SF
Lot 0.08 ac (3,600 SF)
Zoning code LB2
APN 461-0542-000
UPID US92-0687710

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
  • Nightclub Music Venue
  • Radio Station Telecommunications Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$80k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2026
Last sale
$140,000
7 recorded transactions
2026
$275,000
2024
Price N/A
2021
Price N/A
2020
$140,000
2019
$330,000
2016
Price N/A
2015
$650,000

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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