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Former Pizza Hut. Busy Walmart next door. 124 N Chicago Ave 2,529 SF Retail Building South Milwaukee, WI 53172 $499,000 ($197.31/SF)



Investment Highlights
- Freestanding retail building with prominent visibility along N. Chicago Avenue.
- Directly across from Walmart, generating significant consumer traffic.
- Multiple access points provide convenient customer circulation.
- Former quick-service restaurant with an existing customer-facing layout.
- Pylon signage enhances exposure and brand recognition.
- Potential to be within Tax Incremental District (TID) #2.
Executive Summary
Located at 124 N. Chicago Avenue in South Milwaukee, Wisconsin, this freestanding retail property presents a compelling opportunity for an owner-user, investor, or redevelopment buyer seeking a highly visible location along a well-traveled commercial corridor. Formerly operated as a quick-service/casual dining restaurant, the building features an existing customer-facing layout with an open dining area that can support a variety of restaurant, café, carryout, or retail concepts. Situated on approximately 0.43 acres, the property benefits from prominent pylon signage, multiple points of ingress and egress, and a large on-site parking field. The location offers exceptional exposure directly across from Walmart, a major regional retail destination drawing approximately 2 million customer visits annually, creating consistent consumer traffic and strong area visibility. Surrounded by established businesses and residential neighborhoods, the property also provides convenient access to key area roadways, enhancing accessibility for customers, employees, and service providers. With its existing improvements, flexible commercial zoning, and redevelopment potential, the property offers a unique opportunity to capitalize on a proven retail location within the South Milwaukee market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,529 SF
Building Class
C
Year Built
1980
Price
$499,000
Price Per SF
$197.31
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.13
Lot Size
0.43 AC
Zoning
G2 - Commercial
Parking
39 Spaces (15.42 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 723-0101-000 | Improvements Assessment | $324,400 |
| Land Assessment | $152,400 | Total Assessment | $476,800 |
Property Taxes
Parcel Number
723-0101-000
Land Assessment
$152,400
Improvements Assessment
$324,400
Total Assessment
$476,800
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