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    West Allis Mixed-Use Investment Title is generated by Realmo AI

    1410 S 72nd St, West Allis, WI

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    Cash flowing retail and multifamily property in West Allis.

    Type:RETAIL
    Property size:
    12,672 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $138/SF
    Added:
    Oct 4, 2024
    Days on Market:
    627
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 1410 S 72nd St

    General Information

    Standard status
    Active
    Size
    12,672 SF
    Lot size
    0.17 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Luke Fehrenbach
    Luke Fehrenbach

    Listing agent Luke Fehrenbach

    Listing office Ogden & Company, Inc., AMO

    Listing date Oct 4, 2024

    Source Moodyscre

    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 Ogden & Company, Inc., AMO

    HighLights

    • Cash flowing mixed‑use investment property.
    • Located on a corner lot along Greenfield Ave in West Allis, WI.
    • Features 10 residential units and 4 commercial spaces (12,672 sf).
    • New roof installed in July 2024.
    • 5 Storage units in the basement generating additional income.
    • Located in the West Allis BID District, close to amenities and public transportation.

    Overview

    This mixed-use investment property is located on Greenfield Ave in West Allis, WI, at the corner of Greenfield Ave and S 72nd Street. The building features 12,672 square feet of commercial space, divided into 4 units, and 10 residential units, including 8 studios, a 1-bedroom unit, and a 2-bedroom unit. Five storage units in the basement generate additional income. A new roof was installed in July 2024, and new carpet and paint were added to the second-floor common areas. All second-floor apartments have new, energy-efficient windows. The exterior east and south-facing walls were newly painted as of August 2024. The property is located near multiple bus lines and is in close proximity to grocery stores, shopping centers, and restaurants. It is part of the West Allis Business Improvement District (BID), which hosts events such as West Allis A La Carte, the West Allis Classic Car Show, and holiday parades. Unrestricted, city-owned parking lots are located nearby.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $304.1k $24.00
    − Vacancy −$54.7k −$4.32
    EGI $249.4k $19.68
    − OpEx −$93.5k −$7.38
    NOI $155.9k $12.30
    12,672 SF · lease $24.00/SF/yr · vacancy 18.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $2.23M
    $1.95M – $2.60M (±1% cap)
    NOI $155,866 @ 7.0% cap · market cap 8.91%
    Second Best
    Retail
    $1.83M
    $1.60M – $2.14M (±1% cap)
    NOI $128,266 @ 7.0% cap · market cap 7.33%
    Theoretical Best
    Office A
    $3.00M
    $2.63M – $3.51M (±1% cap)
    NOI $210,350 @ 7.0% cap · market cap 12.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -88.0167
    Latitude
    43.0169

    FAQs

    What type of property is this?
    Mixed-use property - Cash flowing retail and multifamily property in West Allis.
    Where is this mixed-use property located?
    The property is located at 1410 S 72nd St West Allis, WI.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Cash flowing mixed‑use investment property.; Located on a corner lot along Greenfield Ave in West Allis, WI.; Features 10 residential units and 4 commercial spaces (12,672 sf).
    (262) 312-4865 Call to check price and availability
    More about this property
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