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309 North Chicago Avenue,  South Milwaukee,  WI  53172-1242 $499,000 Expired
309 North Chicago Avenue,  South Milwaukee,  WI  53172-1242
$499,000
Expired
More Photos
 Property Type Business/Commercial
 Parcel # 7240007000
 County Milwaukee
 Sub Area
 Municipality
 MLS# 1835224
 Listing Date 05/22/2023

MLS Public Remarks  1st Time Offered. Your Chance To Own This Amazing Stand Alone Commercial Property. Formerly The Home To Lancer Tv For 28 Years This Property Provides The Opportunity For 4 Distinct Leased Spaces All With Dedicated Bathrooms. Total Leaseable Sqft Is Over 7500. Liquor Store Currently Leases 25% Of The Total Sq Footage And Provides $2362 In Monthly Gross Rent. Tenant Has Option To Renew For 5 Years On Lease End Date Of 6/30/24. Single Car Attached Garage For Storage Or Deliveries. Separate Heat And Ac, Parking. Owner Occupant Or Investor, Incredible Value And Earning Potential.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  South Milwaukee
  • C/T/V  City
  • Unit #  
  • Directions  
    • BUILDING DESCRIPTION  
  • Real estate for sale  Y
  • Business for sale  
  • For lease only  
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  0
  • Building Gross SqFt  7,560
  • Net Leasable SqFt  0
  • Year Built  1952
  • Source for Year Built  EXPIRED
  • Approx Bldg Dimen  
  • Street Frontage  0
  • Parking Fees/Mo.  $0
  • Onsite Parking  
  • # of Stories  0
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  C2
  • Est. Total Acres  0.0
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $0
  • Assessment Year  0
  • Net Taxes  $6,493
  • Tax Year  2022
  • Improvements  $0
  • Total Assessment  $0
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 - 0 0 $0 $0 $0 0
    2 - South Milwaukee 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded  Seller and tenant personal property
    INTERIOR FEATURES  
  • Heating/Cooling  Central Air, Forced Air, Individual Heating Units
  • Water/Waste  Municipal Sewer, Municipal Water
  • Basement  Block, Full
  • Fuel  
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type  Free Standing
  • Exterior Treatment  Brick, Brick/Stone
  • Building Parking  Paved Lot
  • Roofing  Rubber/Membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), Seller Condition Report
  • Location  Business District, Corner Lot, Near Public Transit, Other
  • Tenant Pays  
  • Present Use  
  • Licenses  Liquor
  • Lease Type  
  • Occupied by  Immediate, Over 20% Vacant
  • Sale Includes  Fixtures, Lease(s), Real Estate
  • Features  



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Keller Williams-Mns Wauwatosa