Mixed-Use

1200-1208 W. Lincoln Avenue

1200 W Lincoln Ave, Milwaukee, WI 53215

Listing Price: $1,000,000

Cap Rate
6.88%
Number of Units
14
Price/Unit
$71,429
Price/Gross SF
$66.60
Gross SF
15,015

Investment Overview

Marcus & Millichap is pleased to present 1200-1208 West Lincoln Avenue in Milwaukee, Wisconsin.

Constructed in 1930, 1200-1208 W. Lincoln is a mixed-use apartment and retail property located about ten minutes southwest of downtown Milwaukee. Three ground floor retail suites are occupied by a flower shop, a staffing company, and a wireless store. There is also a lease with T-Mobile for access/allowing the roof to be used for cell towers. The upper floors contain all apartment units, 11 in total. Of the 11 apartments, nine are studio units, with the remaining units being one bed and a two bed unit. Off-street parking is available for one car per unit. Multiple capital improvements have been completed including, but not limited to: new parking lot (2019) and new boiler (2020). The landlord pays for water/sewer, heat, and common area electric for the building. Apartment tenants pay for their individual electric. Retial tenants are responsible for their individual electric as well.

Investment Highlights

  • Mixed-Use Apartments & Retail
  • 100% Occupied
  • Off-Street Parking For Apartments

Exclusively Listed By

Mixed-Use

1200-1208 W. Lincoln Avenue

Listing Price: $1,000,000

Cap Rate
6.88%
Number of Units
14
Price/Unit
$71,429
Price/Gross SF
$66.60
Gross SF
15,015

Investment Highlights

  • Mixed-Use Apartments & Retail
  • 100% Occupied
  • Off-Street Parking For Apartments

Investment Overview

Marcus & Millichap is pleased to present 1200-1208 West Lincoln Avenue in Milwaukee, Wisconsin.

Constructed in 1930, 1200-1208 W. Lincoln is a mixed-use apartment and retail property located about ten minutes southwest of downtown Milwaukee. Three ground floor retail suites are occupied by a flower shop, a staffing company, and a wireless store. There is also a lease with T-Mobile for access/allowing the roof to be used for cell towers. The upper floors contain all apartment units, 11 in total. Of the 11 apartments, nine are studio units, with the remaining units being one bed and a two bed unit. Off-street parking is available for one car per unit. Multiple capital improvements have been completed including, but not limited to: new parking lot (2019) and new boiler (2020). The landlord pays for water/sewer, heat, and common area electric for the building. Apartment tenants pay for their individual electric. Retial tenants are responsible for their individual electric as well.

Exclusively Listed By

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