Ace Hardware Retail
For Sale
$1,500,000
5020 Fond Du Lac Ave, Milwaukee, WI 53216
Established retail operation with an included business, inventory, second-floor support areas, and dedicated parking.
Property Size11,584 SF
Price / SF$129.49
Days on Market9
Property Features for 5020 Fond Du Lac Ave
General Information
Standard status
Active
Size
11,584 SF
Total Parking Spaces
25
Property subtype
General Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,000
Amenities
office space
living quarters
warehouse space
on-site billboard
Central Air
3
Mercantile
25 Parking Spaces.
0.0 to .499
Building Details
Year Built
1922
Listing Agency:
Epique Realty Germantown
(262) 483-0888
Listed By:
Daniel Burgeson
(262) 483-0888
Source:
Xome
Added: Jul 26
Changed: Aug 3
Last Checked: Aug 3 at 8:46AM
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 Epique Realty Germantown
Investment Insights
Based on property information with market context.
This 11,584-square-foot retail property includes the building, an operating Ace Hardware business, and all inventory. The two-level configuration provides retail space on the main floor, while the second floor contains offices, living quarters, and additional warehouse area for inventory. Central air is also included in the building’s interior features.
The property provides 25 dedicated parking spaces, with additional street parking available. An on-site billboard is also present, offering a separate advertising component. Built in 1922, the property combines an established retail operation with dedicated customer parking and upper-level support space.
The property provides 25 dedicated parking spaces, with additional street parking available. An on-site billboard is also present, offering a separate advertising component. Built in 1922, the property combines an established retail operation with dedicated customer parking and upper-level support space.
Key Highlights
- 11,584‑square‑foot retail property with operating Ace Hardware business and inventory included
- Second floor includes offices, living quarters, and additional warehouse space
- 25 dedicated parking spaces plus ample street parking
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 | $187.7k | $16.20 |
| − Vacancy | −$14.1k | −$1.22 |
| EGI | $173.6k | $14.99 |
| − OpEx | −$52.1k | −$4.50 |
| NOI | $121.5k | $10.49 |
11,584 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,510 @ 7.0% cap · market cap 8.10%
Second Best
Warehouse
$731.7K
$640.3K – $853.7K
NOI $51,221 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,861 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 53216, WI
30,109
Population
13,556
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
85%
High-School Grad
4.6 sq mi
ZIP Area
6,545
Density / Sq Mi
$43,466
Median Household Income
$34,823
Median Earnings
$970
Median Rent
$122,800
Median Home Value
Market
Vacancy Rate% for Industrial in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established retail operation with an included business, inventory, second-floor support areas, and dedicated parking.
Where is this retail space located?
The property is located at 5020 Fond Du Lac Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,584‑square‑foot retail property with operating Ace Hardware business and inventory included; Second floor includes offices, living quarters, and additional warehouse space; 25 dedicated parking spaces plus ample street parking
