$299,000

0 Beds 0 Baths 5,280 Sqft

1011 Milwaukee Avenue, South Milwaukee, WI 53172

Property Type: Commercial
Time on Market: 14 hours
Price per Sqft: $57
Total Taxes: $5,950
Est. Age: 21+ Years

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.

Property Details

Interior

Basement:
  • Full
Heating/Cooling:
  • Central Air, Forced Air
Heat Fuel:
  • Natural Gas
Sqft:
  • Total Sqft: 5,280
  • Lot Sqft Source: Assessor/Public Record
  • Estimated Sqft Range: 3501 or more,5001 or more,2501 or more

Exterior

Acreage:
  • Range: 0.0 to .499
  • Source: Assessor/Public Record
Exterior:
  • Brick, Brick/Stone
Parking:
  • Spaces: 0.0
Roofing:
  • Rubber/Membrane
Water:
  • Waterfront: N
Water/Waste:
  • Municipal Sewer, Municipal Water

Misc.

Commercial:
  • Ceiling Height: 8 - 10 feet
  • Features: Expenses Include: Property Insurance, Expenses Include: Repair & Maintenance, Expenses Include: Taxes-Pers. Property, Expenses Include: Utilities, Carpeting, Display Window, Inside Storage, Living Space, Restroom(s)
New Construction:
  • N
Postal:
  • Code: 53172
  • Zip+4: 2035
Real Estate Included:
  • Y
Street:
  • Name: Milwaukee AVENUE
  • Suffix: AVENUE
Tax Year:
  • 2025
Zoning:
  • Z4 Urban Center

Map

Listing Agent-Provided Directions:
  • Take I-94 to College Ave (Hwy 32), head east to Milwaukee Ave, turn south. Property on the 1000 block in downtown South Milwaukee, near the commuter rail station. On-street parking.

Monthly Payment Calculator

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Schools and Neighborhood

Postal City:
  • South Milwaukee
Municipality:
  • Name: SOUTH MILWAUKEE
  • Type: City
County:
  • MILWAUKEE

Market Comparison

How this property compares to local market averages — calculated 5/23/2026

This Property
South Milwaukee Commercial Property Avg
Milwaukee County Commercial Property Avg
List Price
$299,000
$630,975
$531,630
Median Price
—
$399,450
$400,000
Price / Sq Ft
$57
$100
$363
Days on Market
14 hours
140 days
148 days
Total Listings
—
4
151

Listing Information

  • Time on Market: 14 hours
  • Place Perfect Last Updated: 2026-05-22 23:25:03
  • MLS Number: 1963913
  • Subsystem Locale: WIREX_METRO
  • Listing Office: Compass RE WI-Tosa
  • Listing Agent: William Backes

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