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Schuster Mansion Bed & Breakfast 3209 W Wells St 8 Room Bed and Breakfast Milwaukee, WI 53208 $2,200,000 ($275,000/Room)

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Investment Highlights

Well-known landmark/venue
Loads of Historical Charm

Turnkey Bed and Breakfast Opportunity

Executive Summary

The famous Schuster Bed & Breakfast was built in 1891 and most recently remodeled in 2012. This is a turnkey Bed and Breakfast Opportunity with loads of historical significance. This building and grounds is a favorite venue for Private Parties, Weddings, Baby and Bridal Showers (15 - 26 guests). The building boasts 3 guest rooms and four guest suites with the innkeeper's quarters in the old 3rd floor ballroom space, approximately 1,200 SF and a Giftshop. This location is the #1 High Tea in Wisconsin with other featured events including Mollie's Tea, Low Tea, and Afternoon Tea. The Schuster Mansion has been featured in the move-"The Wheel", and in several TV shows including "Real Milwaukee", "Around the Corner", "Making of Milwaukee, and a "Discover Card Commercial". This building is a State/Federal Historical Site and became one at the City level in 2007. Make this opportunity yours by calling Tami Gemmell Swanto at 414-424-3704.

Wells 3209 v2

Property Facts

Price	$2,200,000	No. Rooms	8
Price Per Room	$275,000	No. Stories	3
Sale Type	Investment	Year Built/Renovated	1891/2012
Property Type	Hospitality	Tenancy	Single
Property Subtype	Bed and Breakfast Hospitality Hotel	Parking Ratio	0.86/1,000 SF
Building Class	C	Corridor	Interior
Lot Size	0.36 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Size	9,300 SF
Zoning	RT3 - Located in Milwaukee's Bed & Breakfast District & The Historic Concordia Neighborhood.

Price	$2,200,000
Price Per Room	$275,000
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Bed and Breakfast Hospitality Hotel
Building Class	C
Lot Size	0.36 AC
Building Size	9,300 SF
No. Rooms	8
No. Stories	3
Year Built/Renovated	1891/2012
Tenancy	Single
Parking Ratio	0.86/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RT3 - Located in Milwaukee's Bed & Breakfast District & The Historic Concordia Neighborhood.