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32978564
32979439

140 West Garfield Avenue, Milwaukee, WI 53212

BD
WI 92596-94
$350,000
9 days on market
Updated 9 days ago
Opportunity zone

140 West Garfield Avenue

Details
Property Type Mixed Use, Special Purpose
Sub Type School, Religious/Church
Square Footage 6,000
NOI $28,800
Occupancy 30%
Lease Term 3
Lease Expiration 07/01/2029
Remaining Term 3
Year Built 1887
Lease Commencement 07/01/2026
Ground Lease No

Iconic Milwaukee Church with daycare. Cash flow with room to grow

Investment highlights

140 W Garfield Ave presents a compelling commercial investment opportunity in Milwaukee’s Brewers Hill neighborhood, near N. Dr. Martin Luther King Jr. Dr., W. North Ave., downtown Milwaukee, and the growing Bronzeville corridor. Originally built in 1887 as the Second German Methodist Episcopal Church and designed by Milwaukee architect Herman Paul Schnetzky, the building offers a distinctive presence, flexible interior layout, and long-term repositioning potential.

The property is anchored by an established daycare tenant that has operated from the building for years and will be entering a new 3-year lease beginning July 1. Lease terms include $4,000 per month in rent, plus tenant responsibility for 25% of the WE Energies bill, providing immediate income and added utility cost recovery for the next owner. With built-in cash flow, tenant stability, recognizable architecture, and a location surrounded by continued neighborhood reinvestment, this asset is well-positioned for investors seeking both current return and future upside. Buyer to verify lease terms, zoning, permitted uses, measurements, and all property details.

Listing Contacts

BD
WI 92596-94

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$28,800.00
$2,400.00/mo

Valuation Metrics

0
DSCR
8.23%
Cap Rate
8.23%
ROI

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Additional Information

Name
Bret Duer
License
92596-94
Brokerage
The Real Estate Edge LLC
Title
Agent
Brokerage Address
10223 West Kay Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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