Mixed-Use Apartment Building with
3575 N Oakland Ave Shorewood, WI 53211
3575 N Oakland Ave, Shorewood, WI, 53211
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For Sale
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Five-story 44-unit apartment building includes ground-floor retail space and 57 off-street parking spaces.
Property Size51,967 SF
Price / SF$134.70
Days on Market185
Property Features for 3575 N Oakland Ave
General Information
- Standard status
- Active
- Size
- 51,967 SF
- Property subtype
- MULTIFAMILY
Properties For Sale
at 3575 N Oakland Ave Contact us
Listing agency
The Realty Company, LLC
(414) 405-7128
Listed by
Lorna Mueller · License #51541-90
(414) 405-7128
Source
Moodyscre
Added: Jan 19 Updated: Jul 22 at 6:31PM Checked: Jul 22 at 6:31PM
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 The Realty Company, LLC
Investment Insights
Based on property information with market context.
Built in 1962 and renovated in 2009 and 2019, this five-story, 44-unit apartment building includes retail space on the ground floor. The residential component features 43 two-bedroom units and one one-bedroom unit, with two-bedroom unit bath configurations split across one bath, one-and-a-half baths, and two baths. Updated hallways, entrances, retail spaces, and units are noted throughout the property.
The ground-floor retail totals 7,344 SF and is currently leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Heath Care. A new elevator serves all five levels and the lower level, which includes laundry, storage lockers, and parking access. The building offers 57 off-street parking spaces.
The property includes residential and retail operations under one roof, with parking access connected to the lower level and elevator service to all floors.
The ground-floor retail totals 7,344 SF and is currently leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Heath Care. A new elevator serves all five levels and the lower level, which includes laundry, storage lockers, and parking access. The building offers 57 off-street parking spaces.
The property includes residential and retail operations under one roof, with parking access connected to the lower level and elevator service to all floors.
Key Highlights
- Five‑story 44‑unit apartment building built in 1962, renovated in 2009 and 2019
- Unit mix: 43 two‑bedroom units and 1 one‑bedroom unit; 20 with 1 bath, 19 with 1.5 baths, 4 with 2 baths
- Ground‑floor retail totaling 7,344 SF leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Heath Care
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $779.5k | $15.00 |
| − Vacancy | −$28.1k | −$0.54 |
| EGI | $751.4k | $14.46 |
| − OpEx | −$225.4k | −$4.34 |
| NOI | $526.0k | $10.12 |
51,967 SF · lease $15.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.51M
$6.58M – $8.77M
NOI $526,010 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$7.11M
$6.22M – $8.29M
NOI $497,475 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$12.32M
$10.78M – $14.38M
NOI $862,629 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-story 44-unit apartment building includes ground-floor retail space and 57 off-street parking spaces.
Where is this apartment building located?
The property is located at 3575 N Oakland Ave Shorewood, WI.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Five‑story 44‑unit apartment building built in 1962, renovated in 2009 and 2019; Unit mix: 43 two‑bedroom units and 1 one‑bedroom unit; 20 with 1 bath, 19 with 1.5 baths, 4 with 2 baths; Ground‑floor retail totaling 7,344 SF leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Heath Care
