723-725 W Historic Mitchell St — Sale in Milwaukee, WI

  • Price: $550K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Milwaukee, WI 53204
  • Size: 19,010 SF

Investment Figures

Price per square foot
$29

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

With over 19,000 sq. ft. of space, the building is ready to be transformed into a dynamic mix of commercial and residential uses. The main level already offers 2,200 sq. ft. of finished commercial space, ideal for a retail storefront, café, or office — ready to rent or occupy immediately. Above and beyond, the remaining square footage is a blank canvas awaiting your development ideas, from loft-style residences to creative workspaces. Surrounded by a growing community of entrepreneurs, artists, and small businesses, this property offers an opportunity to get in early and help design the future of one of Milwaukee’s most historic commercial districts.

Market Context

This retail in Milwaukee, WI is listed for sale at $550,000 across 19,010 SF. It has been on the market for 53 days. Compare it against other retail listings for sale in Milwaukee, WI — view the full market.

As of Q1 2026, the Milwaukee retail market showed a 0.3% vacancy rate, and rents up 3.3% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Milwaukee retail market tightening or softening?
Vacancy is around 0.3%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$132.00/SF – $178.58/SF

Mid: $155.29/SF

Estimated total for 19,010 SF: $2,952,063 per year

Rate estimator only; cost-of-business estimate unavailable.

Based on comparable properties in similar markets rather than local sales.

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