Mixed-Use Property with Commercial
For Sale
$375,000
1937 W Greenfield Ave, Milwaukee, WI 53204
N, Milwaukee, WI
Property Size2,385 SF
Lot Size0.08 Acres
Price / SF$157.23
Days on Market101
Property Features for 1937 W Greenfield Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Multi Family
Standard status
Active
APN
4600404000
Size
2,385 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3102
Building Details
Year built
1910
Architectural style
Other
Listing Agency:
EXP Realty, LLC~MKE
(866) 848-6990
Listed By:
Rahena Rahman · License #9640694
(773) 943-1758
Added: Jul 6
Changed: Oct 12
Last Checked: Oct 14 at 3:06AM
MLS# 1970370
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,385 square feet within a building constructed in 1910. The offering includes commercial space and is described as having potential for residential income, creating a combination of business and residential functionality. The parcel measures 0.08 acres and presents street-facing commercial exposure.
Located at 1937 W Greenfield Ave in Milwaukee, Wisconsin, the property is positioned in a high-traffic area with access to major roads and local amenities. Multi Family zoning is in place. The property information advises buyers to verify room sizes, zoning, and permitted uses before proceeding.
Located at 1937 W Greenfield Ave in Milwaukee, Wisconsin, the property is positioned in a high-traffic area with access to major roads and local amenities. Multi Family zoning is in place. The property information advises buyers to verify room sizes, zoning, and permitted uses before proceeding.
Key Highlights
- 2,385‑square‑foot mixed‑use property
- 0.08‑acre parcel in Milwaukee, WI
- Building constructed in 1910
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi Family zoning accompanies a property offering both commercial and residential income potential.
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; 0.08‑acre parcel in Milwaukee, WI; Building constructed in 1910
