3040-3044 S Delaware Ave - Storefront FOR SALE


Milwaukee, WI 53207- Bay View
$995,000 USD
414-405-7128
3040-3044 S Delaware Ave, Milwaukee, WI for Sale
$995,000 USD
Storefront - FOR SALE
1/9
null | 8.2% Cap Rate

3040-3044 S Delaware Ave
Milwaukee, WI 53207
Bay View


HIGHLIGHTS

  • Bay View Strip Center
  • Established Tenants
  • Low Maintenance for Owner

OVERVIEW

Bay View Retail Investment Opportunity: Four-Unit Center with Established Tenants and Restaurant Infrastructure 3040–3046 S. Delaware Avenue is a four-unit retail center in Bay View, one of Milwaukee’s most vibrant neighborhoods. The seller has updated the building’s façade, roof, windows, lighting, and entrances. The 3040–3042 space previously operated as a bakery, bar, and restaurant before The Exchange expanded. It includes a restaurant kitchen, full basement access, two restrooms, wood floors, and a full bar. The existing restaurant sign remains on the building and may be reused. The space is served by one gas furnace and rooftop air conditioning. The Exchange occupies 3044 under a three-year lease. The space includes a full bathroom, rear storage, basement access, a gas furnace, and rooftop air conditioning. The fitness tenant at 3046 has occupied the space for several years. The unit includes a full bathroom, kitchenette, and basement access. The building is constructed entirely of brick or masonry and has a flat rubber roof that was fully replaced nine years ago. A rear parking lot provides more than eight spaces, and every unit offers interior access to the parking area. Tenants are responsible for utilities, water, sewer, snow removal, landscaping, and maintenance of their individual spaces. The owner is responsible for property taxes, insurance, and exterior maintenance.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

8.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3040-3046 S Delaware

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,601 SF

ZONING

LB2

APN/PARCEL ID

502-0065-000-7

ASK ABOUT THIS PROPERTY

Lorna MuellerThe Realty CompanyMore Info
414-405-7128

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Lorna MuellerThe Realty CompanyMore Info
414-405-7128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.