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4248 N 76th St 18,606 SF 75% Leased Retail Building Milwaukee, WI 53222 $1,300,000 ($69.87/SF) 10.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Access to Major Highways
- Open Floor Plan
- Immediate Cash Flow
EXECUTIVE SUMMARY
Great opportunity to invest in retail and multi-family with an owner occupy unit above the retail space and plenty of basement storage. This building has easy access to the main highway and just minutes away from local shopping centers. All tenants are on month to month leases and an active daycare has occupied the space for multiple years. The adjacent retail space is rented to an event company and has a stairwell giving access to another space that can be utilized for additional office / storage or serve as a large apartment for owners to occupy. Parking lot was redone and gets resealed every other year. The roof was adjusted and extended to reduce any dam issues and to reduce moister exposure. Stairwells up to the apartments were recently redone and new sump pumps were purchased and installed this year for the basement / storage areas. Perfect investment opportunity for the right buyer. Any further questions please contact me directly.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,606 SF
Building Class
C
Year Built
1965
Price
$1,300,000
Price Per SF
$69.87
Cap Rate
10.31%
NOI
$133,982
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.34 AC
Zoning
LD40
Parking
12 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
97’ on 76th St
AMENITIES
- Freeway Visibility
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 225-0434-100-7 | Improvements Assessment | $908,300 |
| Land Assessment | $52,500 | Total Assessment | $960,800 |
PROPERTY TAXES
Parcel Number
225-0434-100-7
Land Assessment
$52,500
Improvements Assessment
$908,300
Total Assessment
$960,800
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4248 N 76th St
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