2608 Downer AveMilwaukee, WI 53211

This exceptional Milwaukee retail investment opportunity presents a stabilized, high-performing property located on Downer Avenue. The Shoppes at Downer Avenue comprises two buildings totaling 13,019 square feet, housing fifteen retail units across seven addresses. Built in 1912 and 1916, and renovated in 2006, this property boasts a 93.85% occupancy rate and a strong net operating income (NOI) of $765,430. The asking price is $5,810,000, translating to $446.27 per square foot. Tenants are a mix of credit-rated businesses, franchisees, and those with corporate guarantees. The property benefits from its location within a Business Improvement District (BID), ensuring ongoing improvements to the surrounding area. Situated in Milwaukee's affluent East Side, this retail center offers a blend of historic charm and modern amenities, attracting a diverse clientele and providing a stable investment opportunity. The property's two parcel numbers are 3191361000 and 3180591000. This prime location offers high foot traffic and proximity to a large residential population. The property's strong tenant mix ensures consistent rental income and a wide customer base.