For Sale
$599,000

701 Keefe AveMilwaukee, WI 53212

Milwaukee Restaurant & Apartment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Milwaukee investment opportunity presents a fully occupied, mixed-use building totaling 4,414 square feet. Located in the desirable Riverwest neighborhood, this property boasts a turnkey restaurant on the first floor (2,200 sq ft) and a spacious 2,200 sq ft apartment on the second floor. The building, constructed in 1923 and extensively renovated in 2012, features a modern commercial kitchen, bar, and updated appliances within the restaurant space. The property sits on a 0.08-acre lot and benefits from its proximity to UW-Milwaukee, Shorewood, and Milwaukee's Upper East Side. The 100% occupancy rate ensures immediate cash flow, while the LB3 zoning provides flexibility for future uses. This is a rare chance to acquire both a well-established business and a prime piece of real estate in a thriving Milwaukee neighborhood. The asking price is $599,000, representing a price per square foot of $135.70. The property includes two units and features recent upgrades to the restaurant space. This is an ideal investment for those seeking a blend of commercial and residential income streams in a highly sought-after location. The property's address is 701 E Keefe Ave, Milwaukee, WI 53212, and its APN is 2810701110.

Highlights

  • Exceptional Milwaukee mixed-use investment opportunity: 4,414 SF building, 100% occupied.
  • Prime Riverwest location near UW-Milwaukee, Shorewood, and Milwaukee's Upper East Side.
  • Fully renovated restaurant (2,200 SF) with modern kitchen, bar, and appliances (2012 renovation).
  • Recent restaurant upgrades.
  • Desirable Riverwest neighborhood.
  • Includes established restaurant business.

Property Details for 701 Keefe Ave

Property type
Retail properties, Restaurants
Square Feet
4,414 SF
Year Built/Renovated
1923/2012
Lot Size (sq. ft)
3,485 SF
Units
2

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0818287
Longitude
-87.9023325
701 Keefe Ave, Milwaukee, Wisconsin

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701 Keefe Ave
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