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Bay View Retail Opportunity
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121-123 W Oklahoma Ave & 3259-3267 S Chase Ave, Milwaukee, WI 53207

Retail spaces available in Piggly Wiggly anchored shopping center.

Space SizeContact for details
Days on Market281

Property Features for 121-123 W Oklahoma Ave & 3259-3267 S Chase Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE, Inc.
Listed By: Devin Tessmer
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 15 Last Checked: Aug 29 at 6:07AM

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 CBRE, Inc.

Investment Insights

Based on property information with market context.

Located in Bay View, this property features a Piggly Wiggly anchored shopping center with available retail spaces and a new construction outlot building. The shopping center benefits from high visibility and consistent foot traffic. Situated less than 0.5 miles from the Holt Avenue and I-43 freeway interchange, the location offers access to a densely populated surrounding area. Available spaces include an outlot building with 1,154 to 3,188 square feet and grocery center space of 14,600 square feet, which is divisible. The lease rate for the outlot building is $25.00 per square foot NNN, with negotiable rates for the grocery center. NNN expenses are estimated at $4.50 per square foot.

Key Highlights

  • Piggly Wiggly anchored shopping center ensures HIGH VISIBILITY and consistent foot traffic.
  • New construction outlot building offers MODERN SPACE and customization options.
  • Excellent location less than 0.5 miles from the Holt Ave and I‑43 freeway interchange.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Catering Service Locksmith

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,077
Businesses Nearby
Under-served
Demand for This Use

Demographics for 53207, WI

34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value

Market

Lease Benchmarks for Milwaukee, WI

$11.59 /SF/Yr
Avg Asking Price
$5.94–$18 /SF/Yr
Price Range
19,525 SF
Avg Space Size

Vacancy Rate% for Retail in Milwaukee, WI

8% 2019
7.7% 2020
6.5% 2021
5.2% 2022
5% 2023
5.3% 2024
7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail spaces available in Piggly Wiggly anchored shopping center.
Where is this shopping center located?
The property is located at 121-123 W Oklahoma Ave & 3259-3267 S Chase Ave Milwaukee, WI.
What are key features of this property?
This property features: Piggly Wiggly anchored shopping center ensures HIGH VISIBILITY and consistent foot traffic.; New construction outlot building offers MODERN SPACE and customization options.; Excellent location less than 0.5 miles from the Holt Ave and I‑43 freeway interchange.
More about this property
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