
Courtesy of: William P Backes, Compass RE WI-Tosa, w.backes@compass.com
$299,000
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Lot: 0.08 Acres
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Other
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$299,000
1011 Milwaukee Ave 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.
Courtesy of: William P Backes, Compass RE WI-Tosa, w.backes@compass.com
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