Property profile

730 N Milwaukee St Milwaukee, WI 53202

FOR SALE
Bars & Pubs
Property ID
US92-3295975
6,728 SF 0.06 ac lot Built 1877
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story mixed-use building, situated at 730 N Milwaukee St in Milwaukee, Wisconsin, presents a unique investment opportunity. Originally constructed in 1877 and renovated in 2012, this 6,720 square foot property boasts a rich history, having housed popular establishments like Heinemann's Restaurant, Dicks, and Electric Lime. The building is currently vacant, offering a blank canvas for a new owner/user. The ground floor, ideal for a cafe or restaurant, features two kitchens, a walk-in cooler and freezer, ample prep space, and 20 feet of sidewalk frontage perfect for outdoor dining. The layout includes bar seating, booth seating, hi-top seating, and a walk-up window. The second and third floors provide versatile space suitable for creative offices, meeting areas, or collaborative workspaces. The building is zoned C9F(C), features individual HVAC systems for each floor, and has a total capacity of up to 300 people. Located on a highly desirable street known for its vibrant dining and entertainment scene, this property offers easy access to the Milwaukee Hop. The lot size is 0.06 acres. The asking price is $1,399,000, translating to $208.18 per square foot. This is an owner/user investment opportunity.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1877
Total area 6,728 SF
Lot 0.06 ac (2,400 SF)
Zoning code C9F(C)
APN 392-0809-000
UPID US92-3295975

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
  • Loan Service
  • Restaurant

Location

730 N Milwaukee St Milwaukee, WI 53202
Milwaukee metro Census 14400 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$865k
Blend (final) Blend
$845k

Owner & transaction history

since 2015
7 recorded transactions
2026
Price N/A
2020
Price N/A
2015
$925,000
2012
$415,000
2011
$245,000
2010
$315,000
2010
$157,500

Zoning & alternative use

C9F(C) · Milwaukee, WI
Zoning description

The C9F(C) office and service district is designed and intended to serve both as a retail trade and a personal and business services district, as well as a major center of office commercial activities

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.2M +43.8%
Commercial (general) $880,000 +2.6%

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?”
More about this property
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