Free-Standing Retail Building with
7027 W North Ave Wauwatosa, WI 53213
7027 W North Ave, Wauwatosa, WI, 53213
$399,900
For Sale
$399,900
COMMERCIAL - Wauwatosa, WI
Property Size1,576 SF
Lot Size0.10 Acres
Price / SF$253.74
Days on Market143
Property Features for 7027 W North Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- TRADE D
- Standard status
- Active
- APN
- 344017200
- Size
- 1,576 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6254
Building Details
- Year built
- 1980
- Architectural style
- Other
Listing Agency
RE/MAX Lakeside-South
(414) 325-0000
5341 S 27th Street, Milwaukee, WI
Listed by
Yoon Kim · License #5218694
(414) 617-6980
Added: Feb 24 Checked: Jul 17 at 7:06 pm
MLS# 1951396
Listing URL
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.
Investment Insights
Based on property information with market context.
This free-standing commercial building totals 1,576 square feet and is described as a solid, well-maintained concrete structure with a spancrete roof. The property includes on-site parking and a standing sign for visibility. It is currently operated as a dry cleaner, and the business and equipment may be negotiated or completely removed.
The property is located on W North Ave in Wauwatosa and is described as having easy in-and-out access from North Ave. Zoning is listed as TRADE D, and the remarks also reference flexible C-1 zoning for a variety of users.
For investors or owner-operators, the configuration supports continued operation as a dry cleaner while also offering flexibility if the business and equipment are removed.
The property is located on W North Ave in Wauwatosa and is described as having easy in-and-out access from North Ave. Zoning is listed as TRADE D, and the remarks also reference flexible C-1 zoning for a variety of users.
For investors or owner-operators, the configuration supports continued operation as a dry cleaner while also offering flexibility if the business and equipment are removed.
Key Highlights
- Free‑standing commercial building with parking and over 1,500 SF (Year built 1980)
- Concrete building with spancrete roof and easy in‑and‑out access from North Ave
- Located in the Wauwatosa commercial corridor on a busy North Ave with a standing sign
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 | $23.6k | $15.00 |
| − Vacancy | −$851 | −$0.54 |
| EGI | $22.8k | $14.46 |
| − OpEx | −$6.8k | −$4.34 |
| NOI | $16.0k | $10.12 |
1,576 SF · lease $15.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$227.9K
$199.4K – $265.9K
NOI $15,952 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.7K
$327.0K – $436.0K
NOI $26,161 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Jane Kelly Floral — 6413 W North Ave, Wauwatosa, WI 53213
FAQs
What type of property is this?
Storefront property - Well-maintained concrete storefront building with parking and a standing sign on North Avenue.
Where is this storefront property located?
The property is located at 7027 W North Ave Wauwatosa, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Free‑standing commercial building with parking and over 1,500 SF (Year built 1980); Concrete building with spancrete roof and easy in‑and‑out access from North Ave; Located in the Wauwatosa commercial corridor on a busy North Ave with a standing sign
