Shopping Strip
Miracle Mile Shopping Center
5655-5679 S 27th St, Milwaukee, WI 53221
Listing Price: $7,900,000
Investment Overview
Marcus & Millichap is pleased to present Miracle Mile Shopping Center. The center features two new long-term leases with Ollie’s Bargain Outlet and Palm Halal Market, collectively accounting for 58.37% of the square footage. The Seller paid for a brand new TPO roof last fall with a 15 year warranty and sealed & striped the parking lot in spring 2025.
Miracle Mile Shopping Center
Investment Highlights
- +/- 93,056 Square Feet on Six Acres
- 100% Occupied by Six Tenants on a Mix of Net and Gross Leases
- Recent CapEx: Roof Replaced in Fall 2025 with 15 Year Warranty and Parking Lot Sealed and Striped in Spring 2025
- Anchored by Ollie's Bargain Outlet (31.5%) with New Eight-Year Lease
- Potential to Develop an Outlot up to 2,000 SF in the SE Corner of the Parking Lot
- Dense Demographics - Over 280,000 Residents Within Five Miles with Average Household Income of $92,132
Exclusively Listed By
Financing By
Listing Price: $7,900,000
Investment Highlights
- +/- 93,056 Square Feet on Six Acres
- 100% Occupied by Six Tenants on a Mix of Net and Gross Leases
- Recent CapEx: Roof Replaced in Fall 2025 with 15 Year Warranty and Parking Lot Sealed and Striped in Spring 2025
- Anchored by Ollie's Bargain Outlet (31.5%) with New Eight-Year Lease
- Potential to Develop an Outlot up to 2,000 SF in the SE Corner of the Parking Lot
- Dense Demographics - Over 280,000 Residents Within Five Miles with Average Household Income of $92,132
Investment Overview
Marcus & Millichap is pleased to present Miracle Mile Shopping Center. The center features two new long-term leases with Ollie’s Bargain Outlet and Palm Halal Market, collectively accounting for 58.37% of the square footage. The Seller paid for a brand new TPO roof last fall with a 15 year warranty and sealed & striped the parking lot in spring 2025.
Exclusively Listed By
Financing By
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