1028 Juneau AveMilwaukee, WI 53202

Property Details for 1028 Juneau Ave

Year built

1927

Lot size

0.10 AC

Property size (Sq ft)

13,635 SF

Zone code

C9A(A)

Property type

Retail properties

Property subtype

Retail space

APN

360-1091-110

APU

3601091110

Description

This exceptional 4,430-square-foot restaurant space is available for lease within the historic Knickerbocker on the Lake, a prestigious hotel and condominium building situated in Milwaukee's vibrant EastTown neighborhood. The property boasts a single-tenant occupancy, offering a unique opportunity for a restaurateur seeking a turnkey establishment. Benefit from an existing loyal customer base within the hotel and condominium residents, ensuring a built-in clientele. The location itself is a significant draw, offering close proximity to the captivating Lake Michigan, the bustling downtown Milwaukee area, and the convenient Hop public transit system. EastTown is a highly desirable destination for residents, tourists, and those seeking social gatherings, creating a robust market for a new restaurant. The space features a desirable open floor plan, ideal for creating a dynamic dining area. An expansive patio provides additional seating capacity, perfect for enjoying the lakefront atmosphere. A generously sized bar completes the layout, offering ample space for beverage service and customer interaction. This is a rare opportunity to establish a thriving restaurant in a prime location with significant potential for success. The property is located in Milwaukee County and is classified as retail and land, with a commercial subtype. There are no elevators in the building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,619,083

  6.5%

  $3,340,692

  7%

  $3,102,071

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,488,357

  Geo Method

  $4,475,416

• Alternative Use

  Use

  Valuation

  Residential

  $2,817,998

  Hospitality

  $2,581,272

  Educational

  $2,147,588

  Medical

  $2,221,446

  Retail

  $3,340,692

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0461

Longitude

-87.8988

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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