626 S 5th St, Milwaukee, WI 53204 - Photo 1

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$1,800,000 Just Listed

For Sale
Active
Retail
7,880 Sq. Ft.
Updated 3 days ago

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Property Description

Own a piece of Milwaukee's history with this remarkable 7,880 sq ft commercial property featuring classic Italianate architecture. Located in the highly sought-after Walker's Point neighborhood just south of Downtown, this property offers excellent accessibility with quick access to I-94 and steady daily traffic.Designed to support a wide range of business opportunities, the space includes a large dining area with an impressive 28-foot bar, a dedicated lounge, and a 20-seat outdoor balcony. Additional features include basement storage, an 18-car parking lot, and Industrial Mixed zoning for flexible use.The building is equipped with two spacious kitchens, a walk-in cooler, men's and women's restrooms (white box), an employee restroom, and two private offices.

Full Property Details

Full Property Details for 626 S 5th St

General

Price: $1,800,000
Taxes: $27,265 (2025)
Status: Active
Type: Retail
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1957306
Updated: 4/10/2026
Added to Site: 3 day(s) ago

Additional Information

Other Features: 220-Volt Power, Display Window, Fixtures, Handicap Equipped, Inside Storage, Living Space Available, Restrooms, Security Equipment, Sprinkler System

Parking

Total Spaces: 18

Location

Municipality: City
County: Milwaukee
Driving Directions: National Ave to S 5th St, north on 5th to property.
Dist. to Freeway: Less than 1 Mile
Location Details: Business District, Freestanding, Near Public Transit

Heating & Cooling

Heating/Cooling: Central Air Conditioning, Natural Gas

Utilities

Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

Structure Type: Office(s), Other, Professional Service, Recreation, Retail, Storage
Exterior Const.: Brick
Basement Desc.: Block, Brick, Partial
Roof: Rubber
Ceiling Height: 11 to 15 Feet, 16 to 20 Feet, 8 to 10 Feet
Drive-In Clearance: No Truck Door
Stories Description: 2
Square Feet: 7,880
Year Built: 1884

Lot Features

Lot Size (Acres): 0.32
Frontage: Town/City Road
Zoning: IM

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Tax Amount: $27,265.28
Tax Year: 2025

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Schools

Schools serving 626 S 5th St

School District:Milwaukee School District

Name	Grades	Distance
Vieau Elementary 823 South 4th Street, Milwaukee, WI 53204	PK-8	0.1 mi
Hayes Bilingual School 971 West Windlake Avenue, Milwaukee, WI 53204	PK-7	1.2 mi
Milwaukee Academy of Chinese Language 2430 West Wisconsin Avenue, Milwaukee, WI 53233	PK-8	1.7 mi
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202	6-8	1.8 mi
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205	6-8	2 mi
Rufus King International Middle School 121 East Hadley Street, Milwaukee, WI 53212	6-8	3.1 mi
Bradley Technology & Trade High School 700 South 4th Street, Milwaukee, WI 53204	9-12	0.1 mi
South Division High School 1515 West Lapham Boulevard, Milwaukee, WI 53204	9-12	1.1 mi
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233	9-12	1.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 626 S 5th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/10/2026

Listed

$1,800,000

44%

MLS

6/08/2022

Sold

$1,250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 626 S 5th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$28,767

11%

$1,108,000

2023

$25,827

47%

$1,075,900

46%

2022

$17,555

-10%

$737,300

—

2021

$19,415

-29%

$733,900

15%

2019

$27,494

66%

$638,600

—

2018

$16,559

-8%

$638,600

—

2017

$18,001

-7%

$638,600

2016

$19,344

-17%

$620,000

—

2014

$23,234

-3%

$620,000

—

2013

$24,058

18%

$620,000

-5%

2012

$20,303

—

$651,000

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 626 S 5th St

626 S 5th St, Milwaukee, WI 53204 (MLS# 1957306) is a Retail property. 626 S 5th St is currently listed for $1,800,000 and was received on April 10, 2026. Want to learn more about 626 S 5th St? Do you have questions about finding other Retail real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

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626 S 5th St Milwaukee, WI 53204