Listing provided courtesy of Compass RE WI-TosaMetro MLS- MLS# 1963913
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1011 Milwaukee AveSouth Milwaukee, WI 53172
Commercial · 5,280 Sq. ft. | 0.08 Acres$299,000
Active With Offer
1011 Milwaukee Ave Overview
- Time on Site:
- 38 days
- Visits:
- 26
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.
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1011 Milwaukee Ave Facts & Features
- Type Commercial
- Sq. ft. 5,280
- Price/Sq.ft. $57
- Lot 0.08 Acres
Details
General
Income/Expenses
- Gross Income: 33720
- Gross Scheduled Income: 33720
- Net Operating Income: 16643
- Operating Expense: 17077
- Operating Expense Includes: Maintenance,Insurance,Taxes-Pers Property,Utilities
Listing Information
- Contingency: With Offer
Building Information
- Year Built: 1928
Location/Region
- County Or Parish: Milwaukee
- Postal City: South Milwaukee
Tax Information
- Tax Annual Amount: 5950
- Tax Year: 2025
General Information
- Exclusions: Seller and Tenants Personal/Business Property
- Inclusions: Residential Kitchen Appliances in Units 1-3
- Parcel Number: 7710047000
- Property Sub Type: Commercial/Industrial
- Property Type: Comm/Industrial
- Zoning: Z4 Urban Center
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Total: 5280
General Information
- Basement: Full
- Building Features: Carpeting,Display Window,Rest Rooms,Inside Storage,Living Space Avail
- Living Area Source: Public Records
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Size Source: Public Records
- Lot Size Square Feet: 3484.8
- Lot Size Units: Acres
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Rubber
General Information
- Road Frontage Type: Town/City Road,Paved Road,Near Public Transit
- Sewer: Municipal Sewer
1011 Milwaukee Ave Neighborhood
Community
53172 (South Milwaukee) Demographics
40
Median Age
3,685
Population Density (per sq. mile)
35%
College Educated
$57,286
Estimated Median Income
4,983
Estimated Total Home Owners
3,478
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1011 Milwaukee Ave Monthly Cost
1011 Milwaukee Ave Market Data
Based on the last 30 days in this zip code
$313,708
Average List Price
$208
Average Price per Square Foot
9
Properties Sold
29
Average Days on Market
34
Properties for Sale
1011 Milwaukee Ave History
| Date | Value | Agent |
|---|---|---|
| 6/26/2026Source: Metro MLS | Active With Offer |
|
| 5/22/2026Source: Metro MLS | May 22, 2026 |
|
| 3/11/2026Source: Metro MLS | Closed |
|
| 11/6/2025Source: Metro MLS | November 06, 2025 |