4763 N 124th St, Butler, WI 53007
- Added:
- Jun 25, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 8 at 8:06 pm
Property Features for 4763 N 124th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- com
- Standard status
- Active
- APN
- BV1009034
- Size
- 2,450 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3736
Building Details
- Year built
- 1912
- Architectural style
- Other
Listing agent Jeffrey Munson License #58157-94 (262) 993-5825
Listing office HomeWire Realty 4437 State Road 60, Wauwatosa, WI (414) 982-4005
Listing date Jun 25, 2026
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Built in 1912 building in the Village of Butler with potential for multiple uses (previously hair salon, retail, or office)
- High visibility on 124th St plus four‑vehicle+ parking in the rear lot
- First floor includes 1 bedroom
- Upstairs offers a 900+ SF rental with in‑unit laundry and an open floor plan
- Recent upgrades include a new boiler and upgraded electrical
- Cash‑flow potential with 2 apartments generating almost $2,000 per month; also listed as a two‑family MLS #1969004
Overview
Located in the Village of Butler on N 124th St, the property provides rear lot parking for four vehicles. A separate measurement of the building size is not verified by the broker or agent, so prospective buyers should confirm square footage and rely on their own measurements.
The layout supports tenants or owners seeking a combination of storefront-type space and an apartment rental. Zoning is listed as COM, and buyers should complete due diligence regarding permitted uses for the building under local zoning rules. The property is also listed as a two-family on MLS #1969004, and offers an opportunity to evaluate both residential and commercial configurations as part of the buyer’s own underwriting.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.5k | $21.00 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $49.6k | $20.24 |
| − OpEx | −$14.9k | −$6.07 |
| NOI | $34.7k | $14.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Butler
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.066433
- Latitude
- 43.103963
