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Mixed-Use Building with Apartments
For Sale
$450,000

5040-5038 W North Avenue, Milwaukee, WI 53208

Multi-level property combines commercial space, apartments, and vacant offices under one roof.

Property SizeContact for details
Days on Market14

Property Features for 5040-5038 W North Avenue

General Information

Standard status Active

Additional Details

Gross Income $34,200
Office Units 4

Taxes and HOA fees

Annual Taxes $5,082

Building Details

Stories 2
Listing Agency: Acquire Realty LLC
Listed By: Shawn Nash
Source: Exprealty
Added: Aug 13 Changed: Aug 22 Last Checked: Aug 26 at 11:45AM

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 mixed-use building combines commercial, residential, and office components within a multi-level layout. 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 future office or warehouse improvements.

The second floor contains two two-bedroom apartments and four vacant office spaces. The property is located at 5040-5038 W North Avenue in Milwaukee, Wisconsin, providing a combination of occupied commercial space, residential units, and available office inventory.

Key Highlights

  • First‑floor commercial space leased month‑to‑month to an event planner
  • Two 2‑bedroom apartments on the second floor
  • Four vacant office spaces included 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

4
Office units

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-level property combines commercial space, apartments, and vacant offices under one roof.
Where is this mixed-use property located?
The property is located at 5040-5038 W North Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: First‑floor commercial space leased month‑to‑month to an event planner; Two 2‑bedroom apartments on the second floor; Four vacant office spaces included on the second floor
More about this property
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