3040-3046 S Delaware 3040-3044 S Delaware Ave 4,800 SF 100% Leased Retail Building Milwaukee, WI 53207 $995,000 ($207.29/SF) 8.20% Cap Rate

Bay View Retail Investment Opportunity: Four-Unit Center with Established Tenants and Restaurant Infrastructure
3040–3046 S. Delaware Avenue is a four-unit retail center in Bay View, one of Milwaukee’s most vibrant neighborhoods.
The seller has updated the building’s façade, roof, windows, lighting, and entrances.
The 3040–3042 space previously operated as a bakery, bar, and restaurant before The Exchange expanded. It includes a restaurant kitchen, full basement access, two restrooms, wood floors, and a full bar. The existing restaurant sign remains on the building and may be reused. The space is served by one gas furnace and rooftop air conditioning.
The Exchange occupies 3044 under a three-year lease. The space includes a full bathroom, rear storage, basement access, a gas furnace, and rooftop air conditioning.
The fitness tenant at 3046 has occupied the space for several years. The unit includes a full bathroom, kitchenette, and basement access.
The building is constructed entirely of brick or masonry and has a flat rubber roof that was fully replaced nine years ago. A rear parking lot provides more than eight spaces, and every unit offers interior access to the parking area.
Tenants are responsible for utilities, water, sewer, snow removal, landscaping, and maintenance of their individual spaces. The owner is responsible for property taxes, insurance, and exterior maintenance.