Milwaukee, Wisconsin, is a city that offers a unique blend of cultural attractions, educational institutions, and economic opportunities, making it an attractive location for investors looking to purchase a restaurant. With 19 restaurants for sale in Milwaukee, there are plenty of options to choose from. Restaurants in Milwaukee can represent a wide range of investments, from casual eateries to fine dining establishments, and from family-owned businesses to large chain restaurants. Whatever type of restaurant investment you're looking for, Milwaukee has something to offer. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For example, Milwaukee is home to the University of Wisconsin-Milwaukee, Marquette University, and the Milwaukee School of Engineering, providing a steady stream of potential customers. The city's location on Lake Michigan also makes it a popular tourist destination, with attractions like the Milwaukee Art Museum and Summerfest drawing visitors from all over the country. Additionally, Milwaukee's infrastructure, including the Milwaukee Regional Medical Complex and the Milwaukee Intermodal Station, makes it easy to get around the city and access amenities.
Milwaukee's diverse neighborhoods, such as Bronzeville, the Historic Third Ward, Walker's Point, Bay View, and the East Side, offer a range of opportunities for restaurant investors. From trendy dining scenes to family-friendly eateries, there's a neighborhood in Milwaukee that's sure to fit your investment goals. And with other property types available in Milwaukee, such as apartment buildings, shopping centers, specialty properties, and hotels, there are plenty of opportunities to diversify your investment portfolio. For example, apartment buildings in Milwaukee offer a steady stream of rental income, while shopping centers provide a hub of commercial activity. Specialty properties, like office buildings and warehouses, can offer unique investment opportunities, and hotels provide a way to tap into the city's tourist industry. Whatever type of investment you're looking for, Milwaukee has something to offer. With its rich history, cultural attractions, and economic opportunities, Milwaukee is a city that's sure to attract investors from all over the country.
What is the average cost per square foot for a restaurant in Milwaukee?
The average cost per square foot for a restaurant in Milwaukee is $267 USD per square foot, with an average size of 11,291 square feet and a cap rate of 6.98%, making it an attractive option for restaurateurs looking to establish a presence in this culturally rich city with a strong economy and diverse neighborhoods.
What factors determine the value of a restaurant for sale in Milwaukee?
The value of a restaurant for sale in Milwaukee is determined by a combination of factors, including:
- Location, with proximity to major attractions, transportation hubs, and high-traffic areas such as the Historic Third Ward, Walker's Point, and the Lake Michigan shoreline, influencing foot traffic and customer accessibility;
- Physical characteristics, such as the average size of 11,291 square feet, largest size of 76,652 square feet, and average price per square foot of $267 USD, which impact operational efficiency and capacity;
- Financial performance, including the average cap rate of 6.98%, which reflects the restaurant's profitability and potential for return on investment, as well as the number of available listings, currently at 19, which affects supply and demand.
