For Sale
$139,900

1932 Capitol Dr Milwaukee, WI 53206

Milwaukee Bar & Apartment - Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use property, located at 1932 W Capitol Dr in Milwaukee, Wisconsin, presents a compelling value-add investment opportunity. The property, identified by APN 2440491000, is a two-story, 2,888 square foot building currently vacant and classified as Class D. It features a ground-floor bar with high foot traffic potential, creating a strong base for income generation. Above the bar is a spacious two-unit residential space, offering additional rental income possibilities through long-term leases or short-term rentals. The property is zoned LB2 and sits in a high-traffic area, maximizing its visibility and accessibility. The asking price is $139,900, reflecting a distressed sale condition. This presents a unique chance to acquire a mixed-use asset with significant upside potential, allowing for substantial returns on investment through renovations and strategic leasing. The property's current state offers a blank canvas for an investor to implement their vision and capitalize on the existing infrastructure and prime location. This is an ideal opportunity for investors seeking to expand their portfolio with a value-add project in a vibrant Milwaukee location.

Highlights

  • $139,900 asking price for a distressed mixed-use property.
  • 2,888 square foot building with two units: a bar and a residential apartment.
  • Vacant, offering immediate value-add potential.
  • Located at 1932 W Capitol Dr, Milwaukee, WI 53206, in a high-traffic area.
  • LB2 zoning.
  • Class D building.

Property Details for 1932 Capitol Dr

Property type
Specialty properties, Retail properties
Square Feet
2,888 SF
Class
D
Stories
2
Units
2

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0897545
Longitude
-87.9354983

FAQs

What type of property is this?
Specialty property - Milwaukee Bar & Apartment - Value-Add Opportunity
Where is the specialty property located?
The property is located at 1932 Capitol Dr Milwaukee, WI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: $139,900 asking price for a distressed mixed-use property.; 2,888 square foot building with two units: a bar and a residential apartment.; Vacant, offering immediate value-add potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1932 Capitol Dr
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