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Mixed-Use Building with Banquet Hall
For Sale
Contact for pricing
Pending

5501 W Morgan Ave, Greenfield, WI 53220

Renovated brick building with a turnkey banquet hall on the main level and two upstairs apartments with central air.

Property SizeContact for details
Days on Market147

Property Features for 5501 W Morgan Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 2
Listing Agency: Shorewest Realtors, Inc
Listed By: Justin Ippoliti · License #76115-94
Source: Crexi
Added: Apr 11 Changed: Aug 16 Last Checked: Sep 2 at 10:50PM

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 Shorewest Realtors, Inc

Investment Insights

Based on property information with market context.

Renovated brick mixed-use building offering a banquet hall on the main level. The main floor has been renovated from a former convenience store and is described as turnkey, with a utility room and bathroom located off the commercial space. Upstairs, there are two apartments: one two-bedroom unit and one one-bedroom unit, both described as rent ready. The two-bedroom apartment is noted as spacious with views, and central air is provided.

The property is located on a corridor close to Highway, Miller Park, and Downtown.

This configuration supports simultaneous event-based space usage on the ground floor and long-term residential rental income from the two upstairs units.

Key Highlights

  • Renovated brick mixed‑use building with a former convenience store converted into a banquet hall on the main level
  • Main‑level banquet hall is described as turnkey
  • Two apartments upstairs: one 2‑bedroom unit and one 1‑bedroom unit, both rent ready

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage Restaurant Big Box & Wholesale Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby

Demographics for 53220, WI

26,869
Population
12,547
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,798
Density / Sq Mi
$69,301
Median Household Income
$47,844
Median Earnings
$1,063
Median Rent
$218,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated brick building with a turnkey banquet hall on the main level and two upstairs apartments with central air.
Where is this duplex located?
The property is located at 5501 W Morgan Ave Greenfield, WI.
What are key features of this property?
This property features: Renovated brick mixed‑use building with a former convenience store converted into a banquet hall on the main level; Main‑level banquet hall is described as turnkey; Two apartments upstairs: one 2‑bedroom unit and one 1‑bedroom unit, both rent ready
(414) 419-4797 Call to check price and availability
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