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Mixed-Use

Multi-Family/Retail Mixed Use

1200 W Lincoln Ave, Milwaukee, WI 53215

Listing Price: $1,000,000

Cap Rate
7.32%
Occupancy
95.0%

Investment Overview

Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 1200-1208 W Lincoln Ave, located in Milwaukee, Wisconsin. The Subject Property is and Class C 3-story mixed-use property. It sits on .2 acres, comprising of 14 total units with an occupancy of 100%. The unit mix includes 4 one-bed/one-bath apartments and 7 two-bed/one-bath units. Current rents of the subject property are below market - allowing new owners to increase rents within a short timeframe. Annual multifamily rent growth in Milwaukee surpassed 6% in 2021, doubling the previous high of around 3% set in 2015, and continued to climb to a record 7.4% in 22Q1. The ground floor of the Subject Property consists of 3 individual retail spaces totaling approximately 5,100 SF. Rents are also below market, with rent averaging $8.64/SF, compared with the submarket rate of $12.55/SF. All three rents are scheduled to increase within the next three months. The Milwaukee metro added roughly 11,000 jobs in the first eight months of the year, helping fuel local retail spending. Milwaukee maintains a diversified economic base. Milwaukee’s high concentration of education- and healthcare-related employment, due to local institutions such as Marquette University, the University of Wisconsin-Milwaukee, and the Milwaukee Regional Medical Center, provides a solid foundation for the region. Additionally, there is several Fortune 500 companies headquartered in Milwaukee, rounding out the economic picture. These companies include Northwestern Mutual, ManpowerGroup, Kohl’s, WEC Energy Group, Rockwell Automation, Fiserv, and Harley-Davidson.

Investment Highlights

  • 100% Occupied with Below Market Rents
  • Mixed Use Property Consisting of 3 Retail Spaces and 11 Apartment Units
  • 107 Feet of Street Frontage on Lincoln Ave, Which Experiences 22,325 VPD
  • Home Ownership in the Milwaukee Metro is Below the National Average, Maintaining a Strong Rental Market

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Mixed-Use

Multi-Family/Retail Mixed Use

Listing Price: $1,000,000

Cap Rate
7.32%
Occupancy
95.0%

Investment Highlights

  • 100% Occupied with Below Market Rents
  • Mixed Use Property Consisting of 3 Retail Spaces and 11 Apartment Units
  • 107 Feet of Street Frontage on Lincoln Ave, Which Experiences 22,325 VPD
  • Home Ownership in the Milwaukee Metro is Below the National Average, Maintaining a Strong Rental Market

Investment Overview

Marcus & Millichap is pleased to present to qualified buyers the opportunity to acquire 1200-1208 W Lincoln Ave, located in Milwaukee, Wisconsin. The Subject Property is and Class C 3-story mixed-use property. It sits on .2 acres, comprising of 14 total units with an occupancy of 100%. The unit mix includes 4 one-bed/one-bath apartments and 7 two-bed/one-bath units. Current rents of the subject property are below market - allowing new owners to increase rents within a short timeframe. Annual multifamily rent growth in Milwaukee surpassed 6% in 2021, doubling the previous high of around 3% set in 2015, and continued to climb to a record 7.4% in 22Q1. The ground floor of the Subject Property consists of 3 individual retail spaces totaling approximately 5,100 SF. Rents are also below market, with rent averaging $8.64/SF, compared with the submarket rate of $12.55/SF. All three rents are scheduled to increase within the next three months. The Milwaukee metro added roughly 11,000 jobs in the first eight months of the year, helping fuel local retail spending. Milwaukee maintains a diversified economic base. Milwaukee’s high concentration of education- and healthcare-related employment, due to local institutions such as Marquette University, the University of Wisconsin-Milwaukee, and the Milwaukee Regional Medical Center, provides a solid foundation for the region. Additionally, there is several Fortune 500 companies headquartered in Milwaukee, rounding out the economic picture. These companies include Northwestern Mutual, ManpowerGroup, Kohl’s, WEC Energy Group, Rockwell Automation, Fiserv, and Harley-Davidson.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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