Flex Space with Church and
7901 N 66th St Milwaukee, WI 53223
7901 N 66th St, Milwaukee, WI, 53223
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Milwaukee, WI
Property Size11,367 SF
Lot Size4.28 Acres
Price / SF$131.96
Days on Market51
Property Features for 7901 N 66th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RM1
- Standard status
- Active
- APN
- 0830142000
- Size
- 11,367 SF
- Lot size
- 4.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
Building Details
- Year built
- 2006
- Architectural style
- Other
Listing Agency
Keller Williams Realty-Milwaukee Southwest
(262) 599-8980
2665 S Moorland Rd, New Berlin, WI
Listed by
Elizabeth Mitchell
(414) 367-9456
Added: May 27 Checked: Jul 16 at 4:06 pm
MLS# 1964484
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 flex space property is a 2006-built commercial building offering a church and daycare configuration. Interior features include nine classrooms, nine bathrooms, a laundry room, two offices, and a commercial kitchen. A full sprinkler system is in place, and the rear includes a fenced playground area.
The site totals 4.28 acres and includes an additional 2-acre lot adjacent to the property, with potential to expand. Parking is available for 14 cars, along with ample street parking.
The current setup supports multiple facility uses, and the property also has the physical improvements to function as an assisted living facility with 20–24 beds, as described in the offering materials.
The site totals 4.28 acres and includes an additional 2-acre lot adjacent to the property, with potential to expand. Parking is available for 14 cars, along with ample street parking.
The current setup supports multiple facility uses, and the property also has the physical improvements to function as an assisted living facility with 20–24 beds, as described in the offering materials.
Key Highlights
- 11,367 SF flex space building built in 2006
- Located on 2.28 acres, with an additional 2‑acre adjacent lot included
- Currently configured for a church and daycare, with 9 classrooms and 2 offices
Local Financial Insights For Flex RnD
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 | $184.1k | $16.20 |
| − Vacancy | −$12.0k | −$1.05 |
| EGI | $172.2k | $15.15 |
| − OpEx | −$60.3k | −$5.30 |
| NOI | $111.9k | $9.85 |
11,367 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $111,914 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,871 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,211 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Acelero Learning
High School
Eternal Life Church-God ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex space building with classroom and bathroom count, commercial kitchen, and fenced rear playground.
Where is this flex space located?
The property is located at 7901 N 66th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,367 SF flex space building built in 2006; Located on 2.28 acres, with an additional 2‑acre adjacent lot included; Currently configured for a church and daycare, with 9 classrooms and 2 offices
