2214 W Hopkins 2220 St, Milwaukee, WI 53206
2214 W Hopkins 2220 St, Milwaukee, WI 53206
2214 W Hopkins 2220 St, Milwaukee, WI 53206
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Kayla Jurkovich

Kayla Jurkovich

+1(262) 419-0570
Listed by Ted Schaar RE/MAX United - Cedarburg
$319,000
Est. payment /mo
6,792 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 6,792 sqft

Price per Sqft $46

MLS Listing ID 1986003

Year Built 1928

Annual Tax Amount $7,283

Tax Year 2025

Acres 0.19

Property Sub-Type Commercial/Industrial

Property Description

Priced under assessment! Room for rental growth! 6 of 8 spaces are leased, and the street-level commercial tenant is locked in through July 2029, with annual rent increases. One studio remains to lease: at its $550 asking rent, scheduled gross climbs from $62,760 to $69,360 per year, for a projected 11.2 cap rate. Unit 2220-3 is sold as-is, so a buyer who finishes it adds another $8,340 a year in potential rent. The heavy lifting is done: new rubber roof with a transferable warranty and about $31,000 in recent improvements. Bus line at the door and 7,400 cars a day passing the storefront. A full offering memorandum with rent roll, lease summary and pro forma is available!

Location

State WI

County Milwaukee

Zoning LB2

Direction W Burleigh St to W Hopkins St, northwest on Hopkins approximately two blocks to property.

Rooms

Basement Full, Block

Interior

Inclusions 7 refrigerators, 7 ranges

Exterior

Roof Type Rubber

Total Parking Spaces 7

Exclusions Seller's and tenants' personal property, including the daycare tenant's equipment.

Building

Building Description Brick, Display Window,Handicap Equipped,Office(s)

Sewer Municipal Sewer

Water Municipal Water

Structure Type Brick

Others

Tax ID 2850002000

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Kayla Jurkovich

Kayla Jurkovich

+1(262) 419-0570

Agent License ID: 113617-94

Agent License ID: 113617-94

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