Listing Agency: Newmark - Milwaukee t***@nmrk.com Show Phone

Listed By: Tim Janusz · License #WI 70967

Source: Crexi

Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 4:11PM

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Investment Insights

Based on property information with market context.

Office property comprising 6,148 square feet of space. The asset is identified as office units and is located at 16869-16875 W Greenfield Ave in New Berlin, Wisconsin 53151.

Key Highlights

• 6,148 SF of office space
• Office unit property
• 16869‑16875 W Greenfield Ave, New Berlin, WI 53151

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Parking Lot & Garage Law Firm Nail Salon (Bike/Boat/Book/etc) Store Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

226

Businesses Nearby

Explore this area Business Placement

Demographics for 53151, WI

32,535

Population

14,324

Households

2.3

Avg Household Size

47

Median Age

47%

College-Educated

98%

High-School Grad

17.5 sq mi

ZIP Area

1,859

Density / Sq Mi

$99,248

Median Household Income

$59,197

Median Earnings

$1,424

Median Rent

$351,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Office space provides a dedicated setting for professional commercial operations.

Where is this office units located?

The property is located at 16869-16875 W Greenfield Ave New Berlin, WI.

What are key features of this property?

This property features: 6,148 SF of office space; Office unit property; 16869‑16875 W Greenfield Ave, New Berlin, WI 53151