Building Details

Year Built 1918

Construction industrial-style

Listing Agency: Iron Edge Realty

Listed By: Shatonia Biles Show Phone

Source: Jwregwi

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 7 at 5:20PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iron Edge Realty

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Investment Insights

Based on property information with market context.

This 2,700-square-foot warehouse, constructed in 1918, provides an open interior suited to storage, distribution, light manufacturing, automotive operations, contractor use, event functions, or creative studio work. The building features high ceilings, exposed steel beams, concrete flooring, and a large overhead door for loading and equipment movement.

Located at 1112 W North Avenue in Milwaukee, the property offers convenient delivery access. Its broad interior arrangement allows space for inventory, machinery, work areas, or other operational needs within an industrial-style building.

Key Highlights

• 2,700‑square‑foot warehouse building
• Built in 1918
• Open warehouse interior with high ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,832

Suggested Prices Based on Cap Rates

Cap Rate 5%

$196,640 $196.6K

Cap Rate 7%

$140,457 $140.5K

Cap Rate 9%

$109,244 $109.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$14.8K $5.47/SF

− Vacancy

−$724 −$0.27/SF

EGI

$14.0K $5.20/SF

− OpEx

−$4.2K −$1.56/SF

NOI

$9.8K $3.64/SF

Area

Milwaukee, WI

Vacancy

4.90%

Lease Rate

$5.47 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$196,640

Cap Rate 7%

$140,457

Cap Rate 9%

$109,244

Alternative Uses

Best Use

Flex RnD

$379.8K

$332.3K – $443.1K (±1% cap)

NOI $26,583 @ 7.0% cap · market cap 886.10%

Second Best

Warehouse

$170.6K

$149.2K – $199.0K (±1% cap)

NOI $11,939 @ 7.0% cap · market cap 397.97%

Theoretical Best

Office A

$648.8K

$567.7K – $757.0K (±1% cap)

NOI $45,418 @ 7.0% cap · market cap 1,513.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,647

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53205, WI

9,397

Population

4,164

Households

2.3

Avg Household Size

30

Median Age

19%

College-Educated

85%

High-School Grad

1.4 sq mi

ZIP Area

6,712

Density / Sq Mi

$30,300

Median Household Income

$30,871

Median Earnings

$803

Median Rent

$122,100

Median Home Value

Market

Vacancy Rate% for Industrial in Milwaukee, WI

4.3% 2019

4.7% 2020

3.1% 2021

2.3% 2022

3.1% 2023

3.7% 2024

4.2% 2025

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Similar Off Market Nearby

• Ace Van Lines & Movers, Inc. — 1457 N Farwell Ave, Milwaukee, WI 53202
• T Ab Products Co — 1646 N Warren Ave, Milwaukee, WI 53202
• Easi Self Storage Unit — 1830 N Hubbard St # 700, Milwaukee, WI 53212
• East Bank Storage — 2136 N Prospect Ave, Milwaukee, WI 53202
• Loading Dock Prospect — 2370 N Farwell Ave, Milwaukee, WI 53211

Frequently Asked Questions

What type of property is this?

Warehouse - Flexible industrial space with exposed steel construction, concrete floors, and delivery access.

Where is this warehouse located?

The property is located at 1112 W North Ave Milwaukee, WI.

What are key features of this property?

This property features: 2,700‑square‑foot warehouse building; Built in 1918; Open warehouse interior with high ceilings