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Investment Highlights

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

Attachments

Miracle Mile OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
93,056 SF
Building Class
B
Year Built/Renovated
1958/2025
Price
$10,997,274 CAD
Price Per SF
$118.18 CAD
Cap Rate
8.32%
NOI
$915,488 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
14’
Building FAR
0.36
Lot Size
6.00 AC
Zoning
LB1
Parking
375 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
506’ on S 27th Street

Amenities

  • Bus Line
  • Pylon Sign
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • -
  • -
  • -
  • -

Empire Beauty School began in Pennsylvania in 1934 and has grown into a nationwide cosmetology education business focused on preparing students for careers in beauty services. The company offers training in hair, skincare, and nails, with students working with real clients, professional products, and a curriculum built around employer expectations. Empire Beauty School also supports students through cosmetology programs, student salon experience, and career placement services, while providing financial aid, scholarships, and grant opportunities for those who qualify. The business serves aspiring beauty professionals who want pathways into salons, self-employment, and other roles across the beauty industry.

  • Holy Smoke
  • Retailer
  • -
  • -
  • -
  • -
  • La Gelati
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Nunu's Hot Bargin
  • Retailer
  • -
  • -
  • Triple Net
  • Aug 2027
  • Retailer
  • -
  • -
  • -
  • -

Ollie's Bargain Outlet began in Pennsylvania in 1982 and grew from a closeout retailer into a discount chain with a broad value-oriented assortment. The company sells brand-name merchandise at closeout prices and focuses on categories such as housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. Ollie's Bargain Outlet has expanded throughout the Eastern half of the United States and continues to center its business on excess inventory and bargain pricing. The company also supports community programs through charitable giving tied to local organizations and national partners.

  • Palm Halal Market
  • Retailer
  • -
  • -
  • -
  • -

Palm Halal Market is an authentic Middle Eastern supermarket located in the Miracle Mile Shopping Center in Milwaukee, Wisconsin. Founded in 2025, Palm Halal is committed to providing the best halal grocery options to satisfy any hunger and to provide a variety of options to ensure the shopping experience.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services - - - -
Holy Smoke Retailer - - - -
La Gelati Accommodation and Food Services - - - -
Nunu's Hot Bargin Retailer - - Triple Net Aug 2027
Retailer - - - -
Palm Halal Market Retailer - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 9,000 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 9,000 SF Retail - Now

1st Floor

Size
9,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 9,000 SF
Space Use Retail
Position -
Available Now

Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

Old National Bank
George Webb Restaurants
Famous Dave's
Crunch Fitness
Pick 'N Save

Property Taxes

Property Taxes

Parcel Number
668-0060-110-0
Land Assessment
$4,369,699 CAD
Improvements Assessment
$3,811,260 CAD
Total Assessment
$8,180,959 CAD
  • Listing ID: 41704265

  • Date on Market: 2026-08-11

  • Last Updated:

  • Address: 5655-5679 S 27th St, Milwaukee, WI 53221

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