Ideal Properties Purchases Retail Property From JMS Commercial Investment Properties And Joe Siegel Properties For $2.45M
3511 South 27th Street
$2,450,000
$569/SF
Building Size
4,300 SF
Asset Type
Retail
Closing
Mar 31, 2026
AI
The asset involved in the transaction is a retail property located at 3511 South 27th Street, Milwaukee, WI. The sale was finalized for $2,450,000. The property encompasses 4,300 square feet, resulting in a price per square foot of $570.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,450,000
- Sale Date: 03/31/2026
- Buyer: Ideal Properties
- Seller: JMS Commercial Investment Properties, LLC & Joe Siegel Properties, LLC
- Broker: Jeff R. Rowlett - Marcus & Millichap
Jeff R. Rowlett, representing the seller, facilitated the transaction through Marcus & Millichap, effectively securing Ideal Properties as the buyer for this net-leased Panera property.
Milwaukee Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93