For Sale
$550,000

729 Historic Mitchell St Milwaukee, WI 53204

Milwaukee restaurant & retail space; $550,000

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use property, located at 729 W Historic Mitchell Street in Milwaukee, Wisconsin, presents a unique investment opportunity. The 6,464 square foot building, constructed in 1890, boasts two units and sits on a 0.082-acre lot. Currently operating at 50% occupancy, this property is zoned LB2 and offers significant potential for growth. The building features a turn-key restaurant/cafe setup with existing kitchen infrastructure (excluding a hood), minimizing tenant improvement needs. An overhead door in the back alley provides convenient access, while street parking is available. The prime location within a historic retail corridor benefits from high daily traffic counts, estimated at 6,900 vehicles per day on West Mitchell Street and 7th Street. Prominent building and window signage opportunities further enhance visibility. This owner/user investment is ideal for a savvy entrepreneur seeking a well-positioned, established space with substantial upside. The building's two stories offer flexibility for various uses, and the existing infrastructure makes it an attractive option for immediate occupancy. This is a rare chance to acquire a piece of Milwaukee's rich history and vibrant commercial landscape.

Highlights

  • $550,000 asking price for this mixed-use, owner-user investment opportunity.
  • 6,464 square feet on a 0.082-acre lot in Milwaukee, WI.
  • Two-story, 1890 building with two units, currently 50% occupied.
  • LB2 zoning; prime retail location in a historic corridor with high daily traffic (6,900 VPD).
  • Features include building and window signage, one overhead door, and street parking; minimal tenant improvements needed for restaurant use (existing kitchen infrastructure, no hood).

Property Details for 729 Historic Mitchell St

Property type
Retail properties, Restaurants
Square Feet
6,464 SF
Year Built
1890
Stories
2
Lot Size (sq. ft)
3,572 SF
Units
2

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.012199
Longitude
-87.9210252

FAQs

What type of property is this?
Retail property - Milwaukee restaurant & retail space; $550,000
Where is the retail property located?
The property is located at 729 Historic Mitchell St Milwaukee, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: $550,000 asking price for this mixed-use, owner-user investment opportunity.; 6,464 square feet on a 0.082-acre lot in Milwaukee, WI.; Two-story, 1890 building with two units, currently 50% occupied.
How can I contact the broker?
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729 Historic Mitchell St
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