701 Keefe AveMilwaukee, WI 53212

Property Details for 701 Keefe Ave

Year built

1923

Lot size

0.08 AC

Property size (Sq ft)

4,014 SF

Zone code

LB2

Property type

Retail properties

Property subtype

Bars

APN

281-0701-110

APU

2810701110

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,065,420

  6.5%

  $983,464

  7%

  $913,217

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,026,935

  Geo Method

  $1,317,515

• Alternative Use

  Use

  Valuation

  Residential

  $829,589

  Hospitality

  $759,899

  Educational

  $632,227

  Medical

  $653,970

  Retail

  $983,464

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0818

Longitude

-87.9023

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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