1308 S Cesar E Chavez Drive, Milwaukee, WI 53204

Property Description

Fully leased 4-unit commercial building on Milwaukee's S. Cesar E. Chavez Dr corridor with $42,485 in-place NOI. 1308 S Cesar E Chavez Dr, Milwaukee, WI 53204 is a free-standing 2-story, 7,882 sq ft brick building built in 1936, zoned LB2, with three tenants on NNN leases and individually metered units. Anchor tenant Verizon (Total Wireless) leases a 2,100 sq ft suite through June 2029 with annual rent steps. Per seller, pro forma NOI rises to $46,085 after the pending lower-level lease renewal, on a $500,000 asking price. Roof replaced in 2017 with a partial rubber roof in October 2025; upper-level HVAC updated in 2026. Includes 3 rear parking spaces and a vacant lot behind the building with room to expand. All tenants current on rent.