9242 Broadway Avenue is a two-unit mixed-use building located in downtown Brookfield's business district. The first-floor retail space (~1,425 sf) is currently rented to a hair salon for $1,700 and leased until June 1st 2025. The second floor is a 3-bed/1.5-bath (~1,450 sf) rented for $1,200 and on a month-to-month lease. Both tenants pay for their own heat and electric. The building features a pylon sign, on-site laundry (owned), individual HVAC systems, four parking spaces in the rear and ample street parking in the front. The property's located next to SE Gross Middle School, the Brookfield Fire Department and Madlin Park. Retail rent is ~$300-$400 below market and the apartment rent is ~$400-$500 below market. Perfect for a first-time investor and/or a future owner-user. ** PIP grant available for exterior improvements, sponsored by the Village of Brookfield. Grant reimburses up to 50% of the project's construction cost, or up to $20,000. Grant loan available through Brookfield Bank with 0% interest, no closing costs and up to $20,000.
Based on information submitted to the MLS GRID as of 05/07/2024 11:38 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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