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5655-5679 S 27th St
Milwaukee, WI 53221 Gra-Ram

$7,900,000 USD

Freestanding For Sale  •  92,756 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 93,056 SF
  • Lot Size 6 AC
  • Building Class B
  • Year Built 1958
  • Cap Rate 8.32 %
  • Tenancy Multiple
  • Zoning LB1
40 Transit Score
40 Walk Score

Highlights

100% Occupied by Six Tenants on a Mix of Net and Gross Leases
Recent CapEx: Roof Replaced in Fall 2025 with 15 Year Warranty and Parking Lot Sealed and Striped in Spring 2025
Anchored by Ollie’s Bargain Outlet (31.5%) with New Eight-Year Lease
Potential to Develop an Outlot up to 2,000 SF in the SE Corner of the Parking Lot
Dense Demographics - Over 280,000 Residents Within Five Miles with Average Household Income of $92,132

Property Flyers

Cap Rate: 8.32 %

Major Tenants

Tenant SF Occupied Lease End Date
Empire Beauty School
Holy Smoke
La Gelati
Nunu's Hot Bargin 8/31/2027
Ollie's Bargain Outlet
Palm Halal Market

Amenities

  • Bus Line
  • Pylon Sign
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
7 min - 2.2 mi
14 min - 8.7 mi
AirportDriveWalkDistance
General Mitchell International 9 min - 3.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 375
Type: Surface
Included in Rent: Yes
Jeff Rowlett 630-461-5887 Marcus & Millichap
Jeff Rowlett 630-461-5887 Marcus & Millichap