1011 Milwaukee Ave, South Milwaukee, WI 53172

Property Description

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.