1011 Milwaukee Ave, South Milwaukee, WI 53172 (MLS # 1963913)

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PRICE $299,000 dsIDX morgage calculator
SIZE 5,280 sqft
LOT SIZE 3,485 sqft
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Rare mixed-use investment in revitalizing downtown South Milwaukee--''The Avenue''--steps from the commuter rail station and the area's growing food and beverage scene. This 5,280 SF building offers two commercial storefronts plus three residential apartments, fully occupied with long-term tenants. Recent improvements minimize expense: new upper roof with transferable 25-yr warranty, new parapet flashing, and two newer furnaces (all serviced 2025). Rents are below market, creating strong upside through adjustments, NNN conversion, or repositioning. All residential leases are month-to-month--an owner can occupy, reconfigure, or hold for income. Full basement with double-door alley access adds storage or expansion potential. Ideal for value-add investors and owner-operators.

LAST UPDATED 5/22/2026 YEAR BUILT 1928
COUNTY Milwaukee STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
BASEMENT Full, Yes
CONSTRUCTION Brick
INTERIOR Carpeting, Display Window, Inside Storage, Living Space Avail, Rest Rooms
LOT 3485 sq ft
LOT DIMENSIONS 0.08
SEWER Public Sewer
TAXES 5950
WATER Public
ZONING Z4 Urban Center
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Compass RE WI-Tosa
Metro Wisconsin

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