Mixed-Use
For Sale
$375,000
1937 W Greenfield Ave, Milwaukee, WI 53204
Commercial space is paired with potential for residential income in a Milwaukee property zoned Multi Family.
Property Size2,385 SF
Price / SF$157.23
Days on Market116
Property Features for 1937 W Greenfield Ave
General Information
Standard status
Active
Size
2,385 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
Multi Family
Site & Location
Neighborhood
Muskego Way
Taxes and HOA fees
Annual Taxes
$3,102
Building Details
Building Size
2,385 SF
Year Built
1910
Listing Agency:
EXP Realty, LLC~MKE
(866) 848-6990
Listed By:
Rahena Rahman · License #9640694
(773) 943-1758
Source:
Esorgroup
Added: Jul 6
Changed: Oct 27
Last Checked: Oct 27 at 3:54AM
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 EXP Realty, LLC~MKE
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Investment Insights
Based on property information with market context.
This mixed-use property contains commercial space and offers potential for residential income. The building encompasses 2,385 square feet and dates to 1910.
At 1937 W Greenfield Ave in Milwaukee, the property is zoned Multi Family.
At 1937 W Greenfield Ave in Milwaukee, the property is zoned Multi Family.
Key Highlights
- 2,385‑square‑foot mixed‑use property
- Built in 1910
- Zoned Multi Family
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,121
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,420
$582.4K
Cap Rate 7%
$416,014
$416.0K
Cap Rate 9%
$323,567
$323.6K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$52.9K $22.20/SF
− Vacancy
−$6.4K −$2.66/SF
EGI
$46.6K $19.54/SF
− OpEx
−$17.5K −$7.33/SF
NOI
$29.1K $12.21/SF
Area
Milwaukee, WI
Vacancy
12.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,420
Cap Rate 7%
$416,014
Cap Rate 9%
$323,567
Alternative Uses
Best Use
Mixed Use
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 7.77%
Second Best
Retail
$357.4K
$312.7K – $417.0K
NOI $25,017 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 53204, WI
39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Milwaukee, WI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is paired with potential for residential income in a Milwaukee property zoned Multi Family.
Where is this mixed-use property located?
The property is located at 1937 W Greenfield Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,385‑square‑foot mixed‑use property; Built in 1910; Zoned Multi Family
