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First-Floor Retail with Window Frontage
For Lease
$24 SF/Yr

2040 W Wisconsin Ave, Milwaukee, WI 53233

First-floor retail suite with over 50 feet of window frontage on Wisconsin Avenue.

Space Size1,118 SF
Days on Market169

Property Features for 2040 W Wisconsin Ave

General Information

Standard status Active
Size 1,118 SF
Property subtype Retail
Lease Term MG

Spaces For Lease

at 2040 W Wisconsin Ave
For Lease $24/SF/Yr
Size 1,118 SF
Type Street Retail
Term Negotiable
Contact us
Listing Agency: Newmark - Milwaukee
Listed By: Brian Vanevenhoven · License #52951
Source: Nmrk
Added: May 8 Changed: Oct 21 Last Checked: Oct 20 at 7:33PM

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 Newmark - Milwaukee

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Investment Insights

Based on property information with market context.

This for-lease first-floor retail space offers more than 50 feet of window frontage along Wisconsin Avenue, providing strong street-level presence for storefront operations. The space is identified as a former pizza parlor.

The offering is described as part of the Marquette University node on Wisconsin Avenue, with over 620 residents above in 231 apartments.

For retail users seeking an established storefront configuration within a mixed-use residential environment, this location provides a prominent frontage along a primary commercial avenue.

Key Highlights

  • First‑floor retail suite on Wisconsin Avenue with over 50' of window frontage
  • Part of the Marquette University node on Wisconsin Avenue
  • Former pizza parlor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Zipcar Car Rental Facility The Marq Apartment Building Loomis Cathy Employment Agency Zipcar - The Marq Car Rental Facility Greater Milwaukee Asphalt ... General Contractor

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Florist Locksmith

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

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,776
Businesses Nearby

Demographics for 53233, WI

15,531
Population
5,531
Households
2.8
Avg Household Size
25
Median Age
17%
College-Educated
78%
High-School Grad
1.8 sq mi
ZIP Area
8,628
Density / Sq Mi
$20,306
Median Household Income
$10,060
Median Earnings
$846
Median Rent
$132,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Milwaukee, WI

$14 /SF/Yr
Avg Asking Price
$3.2–$24.11 /SF/Yr
Price Range
5,525 SF
Avg Space Size

This space is priced 71% above the average of $14 /SF/Yr.

Vacancy Rate% for Retail in Milwaukee, WI

8% 2019
7.7% 2020
6.5% 2021
5.2% 2022
5% 2023
5.3% 2024
7% 2025

Frequently Asked Questions

What type of property is this?
Retail space - First-floor retail suite with over 50 feet of window frontage on Wisconsin Avenue.
Where is this retail space located?
The property is located at 2040 W Wisconsin Ave Milwaukee, WI.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: First‑floor retail suite on Wisconsin Avenue with over 50' of window frontage; Part of the Marquette University node on Wisconsin Avenue; Former pizza parlor
More about this property
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