7602 Lisbon AveMilwaukee, WI 53222

For Sale
$890,000

Prime Milwaukee location, restaurant & house, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a unique blend of commercial and residential properties situated on a sizable 0.8-acre lot at the highly visible northwest corner of 76th Street and Lisbon Avenue in Milwaukee, Wisconsin. The property encompasses two buildings: a freestanding restaurant built in 1953, constructed of concrete block, and a single-family bungalow built in 1929, offering 3 bedrooms and 2 bathrooms. The restaurant boasts approximately 1,848 to 2,500 square feet of space and provides ample parking for 18 vehicles. The combined property features a substantial street frontage, boasting 231 feet along 76th Street and 198 feet along Lisbon Avenue, ensuring excellent visibility and accessibility. The property is zoned LB-2. The parcel includes two APNs: 2929988000 and 2929989000. Combined 2023 property taxes totaled $11,700.23. This presents a rare chance to acquire a substantial property in a desirable Milwaukee location with significant development potential. The existing structures offer immediate income potential, while the expansive lot size allows for future expansion or redevelopment opportunities. This is an ideal investment for both seasoned and emerging investors seeking a high-impact property in a thriving Milwaukee neighborhood.

Highlights

  • 1953 concrete block restaurant and 1929 single-family bungalow, 3 bed/2 bath.
  • Combined 2023 property taxes: $11,690.23.
  • 76th Street frontage: 231 ft; Lisbon frontage: 198 ft.
  • 18 restaurant parking spaces.

Property Details for 7602 Lisbon Ave

Property type
Other retail properties, Restaurants
Square Feet
1,848 SF
Buildings
2
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.078521
Longitude
-88.0077372
7602 Lisbon Ave, Milwaukee, Wisconsin

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7602 Lisbon Ave
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