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Mixed-Use

771-773 N Jefferson Street

771-773 N Jefferson Street, Milwaukee, WI 53202

Listing Price: $1,080,000

Cap Rate
5.34%
Number of Units
5
Occupancy
100.0%
Price/Unit
$216,000
Price/Gross SF
$151.18
Gross SF
7,144

Investment Overview

Marcus and Millichap is pleased to present 711 N. Jefferson Street in the City of Milwaukee. The property is in a Class A location less than a block from Cathedral Square Park and just north of the Historic Pfister Hotel. There are several popular restaurants and bars within walking distance. The property comprises a 0.06 acre parcel improved with a mixed-use building. The building was constructed in 1900 and contains 7,144 square feet (per assessor's records). It comprises a garden level retail suite, first floor retail suite, and (5) five apartment units above the retail. The building has a brick exterior with rubber membrane roof covering. The shoe store, ReRocc, has leased their suite for approximately 18 months. Since they signed their lease, they have paid their rent 12 months in advance. Their lease expires July 31, 2022. The tattoo shop has been in the location for one year. They just renewed for an additional year (expiring December 31, 2022). The owner pays for heat (city steam) and common area electric. The tenants are responsible for their own electric. Each tenant equally reimburses the owner for water and sewer (1/7 each). A refrigerator and range are provided to each apartment unit. There is 1 parking space off the alley.

Investment Highlights

  • Class A location less than a block from Cathedral Square Park and just north of the Historic Pfister Hotel.
  • Fully leased, mixed-use building
  • Updated electric and plumbing

Exclusively Listed By

Financing By

Mixed-Use

771-773 N Jefferson Street

Listing Price: $1,080,000

Cap Rate
5.34%
Number of Units
5
Occupancy
100.0%
Price/Unit
$216,000
Price/Gross SF
$151.18
Gross SF
7,144

Investment Highlights

  • Class A location less than a block from Cathedral Square Park and just north of the Historic Pfister Hotel.
  • Fully leased, mixed-use building
  • Updated electric and plumbing

Investment Overview

Marcus and Millichap is pleased to present 711 N. Jefferson Street in the City of Milwaukee. The property is in a Class A location less than a block from Cathedral Square Park and just north of the Historic Pfister Hotel. There are several popular restaurants and bars within walking distance. The property comprises a 0.06 acre parcel improved with a mixed-use building. The building was constructed in 1900 and contains 7,144 square feet (per assessor's records). It comprises a garden level retail suite, first floor retail suite, and (5) five apartment units above the retail. The building has a brick exterior with rubber membrane roof covering. The shoe store, ReRocc, has leased their suite for approximately 18 months. Since they signed their lease, they have paid their rent 12 months in advance. Their lease expires July 31, 2022. The tattoo shop has been in the location for one year. They just renewed for an additional year (expiring December 31, 2022). The owner pays for heat (city steam) and common area electric. The tenants are responsible for their own electric. Each tenant equally reimburses the owner for water and sewer (1/7 each). A refrigerator and range are provided to each apartment unit. There is 1 parking space off the alley.

Exclusively Listed By

Financing By

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