4860 Fond Du Lac AveMilwaukee, WI 53216

Property Details for 4860 Fond Du Lac Ave

Year built

1947

Lot size

0.16 AC

Property size (Sq ft)

960 SF

Zone code

LB2

Property type

Retail properties

Property subtype

Retail space

APN

267-0485-000

APU

2670485000

Description

This Milwaukee commercial property presents a unique dual-income investment opportunity. Located at 4860 W Fond Du Lac Avenue, Unit 4862, this 960-square-foot building sits on a 0.16-acre lot and is priced at $120,000. The property features two established businesses: a thriving hookah bar and a versatile beauty/barber shop. The hookah bar generates a minimum of $800 per night, even on slow nights, and comes fully equipped with all necessary furniture and equipment. The beauty/barber shop boasts four stations and currently brings in $500 per week. Both businesses are turnkey and ready for immediate operation. Adding to the property's appeal is a finished basement with a pool table and lounge area, offering additional income potential through private events or as an extension of the hookah bar. Ample parking is provided by a fenced-in lot with over 25 spaces. This property is ideal for investors seeking established businesses with multiple income streams or entrepreneurs looking for a dual-income investment. The property's location in Milwaukee offers excellent access to local amenities and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $254,809

  6.5%

  $235,208

  7%

  $218,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $245,605

  Geo Method

  $315,101

• Alternative Use

  Use

  Valuation

  Residential

  $198,407

  Hospitality

  $181,740

  Educational

  $151,205

  Medical

  $156,405

  Retail

  $235,208

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0886

Longitude

-87.974

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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