$319,000

2214 W Hopkins St, 2220, Milwaukee WI, 53206

Price per sqft$46.97

Built in1928

Property size6,792 sqft

Property typeCommercial

Courtesy of RE/MAX United - Cedarburg, 414-678-9833

Overview

Active

Listed Oct 23, 2026

Updated 2 days ago

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!

Additional information

MLS^® ID: 1986003

Interior Features

Bathrooms: 0
Basement: Yes

Exterior Features

Lot Size: 0.19 Acres

Other Property Details

Taxes: $7,283
Tax Frequency: Annually

Courtesy of RE/MAX United - Cedarburg

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