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Mixed-Use Property with Retail
For Sale
$525,000

2838 W Atkinson Ave # 2840, Milwaukee, WI 53209

Eight multifamily units plus one retail space are 100% occupied, with a 2023 roof tear-off and remodeled improvements.

Property Size7,450 SF
Days on Market51

Property Features for 2838 W Atkinson Ave # 2840

General Information

Standard status Active
Size 7,450 SF
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 8

Building Details

Building Size 7,450 SF
Year Built 1929
Year Renovated 2023
Tenancy Multi
Listed By: Luis Robles · License #59612-90
Source: Kisergroup
Added: Jul 25 Changed: Aug 14 Last Checked: Sep 13 at 9:13AM

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 Luis Robles

Investment Insights

Based on property information with market context.

This mixed-use property includes one retail space and eight multifamily units. Public remarks indicate the roof was torn off in 2023, with remodeling completed and recent upgrades to the electrical system affecting seven of the eight multifamily units.

The retail component is reported as 100% occupied. The multifamily portion is described as having been remodeled, with electrical upgrades recently completed in seven units.

Overall, the building presents a combined retail and residential configuration with recent capital improvements noted in the public remarks, including the full roof tear-off in 2023 and electrical upgrades within the multifamily units.

Key Highlights

  • Mixed‑use property with 8 multifamily units and 1 retail space, all 100% occupied
  • Full roof tear‑off completed in 2023
  • Remodeled improvements to 7 of the 8 multifamily units

Property Analytics

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Current Use

Tanji Food & Tobacco Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Parking Lot & Garage

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

8
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

Demographics for 53209, WI

44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Eight multifamily units plus one retail space are 100% occupied, with a 2023 roof tear-off and remodeled improvements.
Where is this mixed-use property located?
The property is located at 2838 W Atkinson Ave # 2840 Milwaukee, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Mixed‑use property with 8 multifamily units and 1 retail space, all 100% occupied; Full roof tear‑off completed in 2023; Remodeled improvements to 7 of the 8 multifamily units
More about this property
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