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Mixed-Use Building With Office Space
New
For Lease
$450,000

5038 W North Ave, Milwaukee, WI 53208

Two 2-bedroom apartments accompany four vacant offices on the second floor.

Space SizeContact for details
Days on Market6

Property Features for 5038 W North Ave

General Information

Standard status Active

Additional Details

Space Use Mixed-Use

Building Details

Year Built 1939
Listing Agency: Acquire Realty LLC
Listed By: Shawn Nash
Source: Levelupwi
Added: Aug 25 Changed: Aug 28 Last Checked: Aug 29 at 12:05PM

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 Acquire Realty LLC

Investment Insights

Based on property information with market context.

This 6,412-square-foot mixed-use building, constructed in 1939, combines commercial, office, and residential components. The first floor includes commercial space leased to an event planner on a month-to-month basis, along with additional rear space that may accommodate finished office or warehouse use.

The second floor contains two 2-bedroom apartments and four vacant office spaces, creating a varied layout within the building. The property is located at 5038 W North Ave in Milwaukee, Wisconsin, 53208.

Key Highlights

  • 6,412‑square‑foot mixed‑use building constructed in 1939
  • First‑floor commercial space leased month‑to‑month to an event planner
  • Two 2‑bedroom apartments on the second floor

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Kitchen & Bath Showroom Parking Lot & Garage Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby

Demographics for 53208, WI

29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value

Market

Vacancy Rate% for Office in Milwaukee, WI

16.5% 2019
19.8% 2020
20.4% 2021
21.7% 2022
22.9% 2023
24.7% 2024
24.7% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two 2-bedroom apartments accompany four vacant offices on the second floor.
Where is this mixed-use property located?
The property is located at 5038 W North Ave Milwaukee, WI.
What is the lease rate?
The lease rate is $450,000.
What are key features of this property?
This property features: 6,412‑square‑foot mixed‑use building constructed in 1939; First‑floor commercial space leased month‑to‑month to an event planner; Two 2‑bedroom apartments on the second floor
More about this property
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