Bought with Nichole Williams Real Estate Redevelopment Group
$270,000
$299,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
1011 Milwaukee Ave South Milwaukee, WI 53172
5,280 SqFt
Key Details
Sold Price $270,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $51
MLS Listing ID 1963913
Sold Date 08/28/26
Year Built 1928
Annual Tax Amount $5,950
Tax Year 2025
Acres 0.08
Property Sub-Type Commercial/Industrial
Property Description
Rare mixed-use investment in revitalizing downtown South Milwaukee--''The Avenue''--steps from the commuter rail station and the area's growing food and beverage scene. This 5,280 SF building offers two commercial storefronts plus three residential apartments, fully occupied with long-term tenants. Recent improvements minimize expense: new upper roof with transferable 25-yr warranty, new parapet flashing, and two newer furnaces (all serviced 2025). Rents are below market, creating strong upside through adjustments, NNN conversion, or repositioning. All residential leases are month-to-month--an owner can occupy, reconfigure, or hold for income. Full basement with double-door alley access adds storage or expansion potential. Ideal for value-add investors and owner-operators.
Location
State WI
County Milwaukee
Zoning Z4 Urban Center
Direction Take I-94 to College Ave (Hwy 32), head east to Milwaukee Ave, turn south. Property on the 1000 block in downtown South Milwaukee. On-street parking.
Rooms
Basement Full
Interior
Cooling Central Air
Exterior
Roof Type Rubber
Exclusions Seller and Tenants Personal/Business Property
Building
Building Description Brick, Carpeting,Display Window,Rest Rooms,Inside Storage,Living Space Avail
Sewer Municipal Sewer
Water Municipal Water
Structure Type Brick
Others
Tax ID 7710047000
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