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Listed by John Dyke • Encore Real Estate Brokerage
$ 875,000
Est. payment | /mo
0.25 Acres Lot
$ 875,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1986129
Year Built 1920
Annual Tax Amount $4,626
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Rare Opportunity in heart of Menomonee Falls, WI. RESTAURANT BUSINESS IS REMAINING AND NOT PART OF THE SALE. Mixed use building in downtown Menomonee Falls, WI. Anchor tenant is Restaurant / Bar that has been in business 60 + years. Four apartments (3 bedroom / 2 Bedroom / 1 Bedroom / Studio) and Garage with office combine for multiple income streams. Three of the four apartments have been remodeled in the last 5 years. Apartments rent within DAYS. Within 100 yards of two large high end apartment complexes and multiple retail centers. PRICED TO SELL AT TODAY'S 8.6 CAP RATE with strong potential upside. Short term rentals a possibility due to historic nature of building and zoning and location. Strong Cash flow with significant upside.
Location
State WI
County Waukesha
Zoning PDD
Rooms
Basement Partial
Interior
Heating Hot Water/Steam, Natural Gas
Cooling Hot Water/Steam, Natural Gas
Flooring No
Exterior
Exterior Feature Vinyl, Wood
Parking Features Outdoor Space
Building
Water Municipal Sewer, Municipal Water
Schools
Middle Schools North
High Schools Menomonee Falls
School District Menomonee Falls
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