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Redevelopment Opportunity in Walker’s Point
For Sale
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511-517 W National Ave, Milwaukee, WI 53204

Four-story, 33,968 SF building on 0.24 acres for sale.

Property Size33,968 SF
Lot Size0.24 Acres
Price / SF$50.05
Days on Market129

Property Features for 511-517 W National Ave

General Information

Standard status Active
Size 33,968 SF
Lot size 0.24 Acres
Property subtype MULTIFAMILY
Listing Agency: CBRE, Inc.
Listed By: Yoni Zvi · License #WI 90-56353
Source: Moodyscre
Added: Apr 28 Changed: Aug 9 Last Checked: Sep 2 at 2:05PM

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 CBRE, Inc.

Investment Insights

Based on property information with market context.

This is a prime redevelopment opportunity situated along W National Avenue in the growing Walker’s Point neighborhood. The property at 511 W National Avenue is a 4-story building with 33,968 square feet of space, situated on a 0.24-acre lot. The adjacent building at 523 W National Avenue is also available for sale. That building is a 2-story structure with 30,252 square feet of space on a 0.65-acre lot, which includes an off-street surface parking lot with 28 parking spaces. The buildings are listed for sale either together or separately.

Key Highlights

  • Prime redevelopment opportunity in Walker’s Point.
  • 33,968 SF building at 511 W National Avenue.
  • Available with adjacent 30,252 SF building at 523 W National Avenue.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Carpet & Flooring Store Butcher Locksmith Catering 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.

Location Intelligence

Trade Area within ½ mile

1,807
Businesses Nearby

Demographics for 53204, WI

39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story, 33,968 SF building on 0.24 acres for sale.
Where is this apartment building located?
The property is located at 511-517 W National Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in Walker’s Point.; 33,968 SF building at 511 W National Avenue.; Available with adjacent 30,252 SF building at 523 W National Avenue.
(414) 708-1818 Call to check price and availability
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