Property summary
This exceptional investment opportunity presents a unique blend of commercial and residential properties situated on a sizable 0.8-acre lot at the highly visible northwest corner of 76th Street and Lisbon Avenue in Milwaukee, Wisconsin. The property encompasses two buildings: a freestanding restaurant built in 1953, constructed of concrete block, and a single-family bungalow built in 1929, offering 3 bedrooms and 2 bathrooms. The restaurant boasts approximately 1,848 to 2,500 square feet of space and provides ample parking for 18 vehicles. The combined property features a substantial street frontage, boasting 231 feet along 76th Street and 198 feet along Lisbon Avenue, ensuring excellent visibility and accessibility. The property is zoned LB-2. The parcel includes two APNs: 2929988000 and 2929989000. Combined 2023 property taxes totaled $11,700.23. This presents a rare chance to acquire a substantial property in a desirable Milwaukee location with significant development potential. The existing structures offer immediate income potential, while the expansive lot size allows for future expansion or redevelopment opportunities. This is an ideal investment for both seasoned and emerging investors seeking a high-impact property in a thriving Milwaukee neighborhood.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Specialty Food Shop
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Financial Advisor
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LB2 · Milwaukee, WIRT4, 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LB2 in Milwaukee, WI.
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