3509 W National Ave, Milwaukee, WI 53215

Building Details

Year Built 1906 More

Listing Agency: Inland Real Estate Partners, LLC

Listed By: Blake Gaffney · License #9734594 Show Phone

Source: Viewhomesinwisconsin

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 5:39PM

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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 Inland Real Estate Partners, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use property combines first-floor retail or office space with two residential units positioned behind it. The 2,904-square-foot property was built in 1906, and its layout brings commercial and residential components together in one building.

Located at 3509 W National Ave in Milwaukee, the property offers separate commercial and residential elements within the same address.

Key Highlights

• 2,904‑square‑foot mixed‑use property
• First‑floor space configured for retail or office use
• Two residential units behind the commercial space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,676

Cap Rate

8.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$713,520 $713.5K

Cap Rate 7%

$509,657 $509.7K

Cap Rate 9%

$396,400 $396.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,904 SF

Gross rent

$62.7K $21.60/SF

− Vacancy

−$5.6K −$1.94/SF

EGI

$57.1K $19.66/SF

− OpEx

−$21.4K −$7.37/SF

NOI

$35.7K $12.29/SF

Area

ZIP 53215

Vacancy

9.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$713,520

Cap Rate 7%

$509,657

Cap Rate 9%

$396,400

Alternative Uses

Best Use

Mixed Use

$509.7K

$446.0K – $594.6K (±1% cap)

NOI $35,676 @ 7.0% cap · market cap 8.49%

Second Best

Retail

$430.5K

$376.7K – $502.2K (±1% cap)

NOI $30,132 @ 7.0% cap · market cap 7.17%

Theoretical Best

Flex RnD

$764.5K

$668.9K – $891.9K (±1% cap)

NOI $53,513 @ 7.0% cap · market cap 12.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

Good-Boy Marketing, LLC Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Spa & Massage Center Gym & Fitness Center Cafe & Coffee Shop

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

819

Businesses Nearby

Explore this area Business Placement

Demographics for 53215, WI

59,359

Population

21,307

Households

2.8

Avg Household Size

31

Median Age

11%

College-Educated

67%

High-School Grad

5.5 sq mi

ZIP Area

10,793

Density / Sq Mi

$49,207

Median Household Income

$32,261

Median Earnings

$933

Median Rent

$148,400

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Milwaukee, WI

$78.02 Jul

$78.53 Aug

$86.63 Sep

$93.19 Oct

Properties on Market for Mixed-use properties in Milwaukee

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor commercial space is paired with two residential units, creating a blend of retail or office and residential occupancy.

Where is this mixed-use property located?

The property is located at 3509 W National Ave Milwaukee, WI.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: 2,904‑square‑foot mixed‑use property; First‑floor space configured for retail or office use; Two residential units behind the commercial space