Historic Storefront with Open
For Sale
Contact for pricing
1116 W North Ave, Milwaukee, WI 53205
Visible commercial space with broad display windows, built-in cases, and a flexible interior for multiple business formats.
Property Size5,625 SF
Price / SF$0.27
Days on Market50
Property Features for 1116 W North Ave
General Information
Standard status
Active
Size
5,625 SF
Site & Location
Neighborhood
Lake Park
Amenities
large front windows
display cases
open floor plan
Building Details
Year Built
1918
Listing Agency:
Iron Edge Realty
Listed By:
Shatonia Biles
(414) 587-7659
Source:
Jwregwi
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 3:04PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1116 W North Ave in Milwaukee, this 5,625-square-foot storefront property dates to 1918 and offers a flexible interior arrangement. Large front windows provide space for merchandise presentation, while built-in display cases add functionality for customer-facing operations. The open floor plan can accommodate retail, office, boutique, beauty, and specialty business uses described for the property.
The storefront’s configuration supports a range of commercial layouts and allows businesses to organize sales, service, or work areas within one adaptable space. Its established building character and street-facing presentation provide a foundation for a customized business environment.
The storefront’s configuration supports a range of commercial layouts and allows businesses to organize sales, service, or work areas within one adaptable space. Its established building character and street-facing presentation provide a foundation for a customized business environment.
Key Highlights
- 5,625 SF storefront property
- Built in 1918
- Large front windows for merchandise display
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,003
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,060
$1.2M
Cap Rate 7%
$842,900
$842.9K
Cap Rate 9%
$655,589
$655.6K
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$91.1K $16.20/SF
− Vacancy
−$6.8K −$1.22/SF
EGI
$84.3K $14.99/SF
− OpEx
−$25.3K −$4.50/SF
NOI
$59.0K $10.49/SF
Area
Milwaukee, WI
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,060
Cap Rate 7%
$842,900
Cap Rate 9%
$655,589
Alternative Uses
Best Use
Retail
$842.9K
$737.5K – $983.4K
NOI $59,003 @ 7.0% cap · market cap 3,933.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,622 @ 7.0% cap · market cap 6,308.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Storefront property - Visible commercial space with broad display windows, built-in cases, and a flexible interior for multiple business formats.
Where is this storefront property located?
The property is located at 1116 W North Ave Milwaukee, WI.
What are key features of this property?
This property features: 5,625 SF storefront property; Built in 1918; Large front windows for merchandise display
